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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$400,000
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
N/A
Building Size
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Premise Summary
This one of a kind and very unique property is available and could be the perfect investment! This building boasts almost 8,000 square feet in finished space. As you enter the main access you are welcomed into a large foyer with ceramic tile. This area has a wheel chair accessible bathroom, making for easy access. Head into the main area, featuring 68'x40' of space with 12' ceilings. This area has lovely hardwood floors and lots of windows for natural light. This level also features two bathrooms, one for women and one for men, each with multiple toilets. This level also has a certified kitchen area with everything you need! Make your way to the lower level to find an assortment of lovely sized rooms, as well as additional bathroom. In total there are 7 rooms on this level not including the bathroom. Truly a must-see opportunity! (id:39198)
Location
Province
Prince Edward Island
City
Souris
Address
66 Main Street
Postal Code
C0A2B0
Location Highlights
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Listed by
EXP REALTY OF CANADA INC. Prince Edward Island listing
Category
Property Information
Premise Status
Includes REAL ESTATE
With Accommodation
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Tenancy
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Lot Size
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Available Space
N/A
Building Size
7,836
Year Built
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Years Remaining in Current Lease Term
N/A
Renewal Options
N/A
Operational Information
Number of Working Owners
N/A
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
N/A
Financial Information
Yearly Rate
$400,000
Asking Price
$400,000
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.
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Premises Size (square feet)
7,836
Other Information
Owner willing to Finance
No
Absentee Owner
No
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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