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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$799,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
Small town charm. Vienna is the town five minutes away from Port Burwell Provincial Park and Lake Erie. Thousands of tourists and locals visit the provincial park each year. The beaches are attraction not just for locals but also tourist, and nature lovers. If you are looking to establish the business in this area this is a great opportunity. 4 buildings attached making the size of 7800 square feet property. Zoned commercial with mixed uses. The second floor 1800 sq. feet residential unit. The owner is occupying the residential unit and small portion of the commercial unit which is a shop. The rest of the building is vacant. All buildings are over 100 years old; however they are not heritage designated buildings. 2 legal addresses with a possibility of a third legal address. The building could be severed as per the seller. However any decision that would take place by the new owner need to be coordinated with the town. The owner had a concept idea of having 6 bachelor apartments on the second floor and 4 commercial units on the main floor. However this was not realized. As per seller, the government grants are available for business and the downtown improvement. Buying four units for the price that is listed and available grants is a great opportunity. Taking into consideration that 30 minute drive will get you to St. Thomas where is expected to be open New Volkswagen factory that will employ thousands of employees. Close proximity to London. (id:39198)
Location
Province
Ontario
City
Bayham
Address
6221 Plank Road
Postal Code
N0J1Z0
Location Highlights
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Listed by
One Percent Realty Ltd. Ontario listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
7,800
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
N/A
FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$799,000
Asking Price
$799,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
N/A
NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
N/A
Premises Size (square feet)
7,800
Other Information
Owner willing to Finance
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Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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