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Benefits
Asking Price
$959,900
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
A wonderful opportunity to run your own business, while living in a separate residence on the same very attractive, 3.3 acre property. Zoned HCM-D which allows for a wide range of commercial uses. Situated within 2 km of the village of Tobermory located beside the Museum & close to local bakery. Just down the road is the Bruce Trail and Little Cove Beach. Formerly operated as a successful retail business. The 1,600 sq' building has ample parking and a 16 KVA back up propane generator. There is also a separate 300 sq feet storage shed behind the store. Hidden between the trees is an incredible 1 1/2 story, residence build in 2005 by Quality Engineered Homes. It is 1400 sq ft and has 3 bedrooms, 1 + 1/2 bath, laminate floors on the main level, modern interior, 3 decks and a full basement. Possible income opportunity from both facilities. (id:39198)
Location
Province
Ontario
City
Northern Bruce Peninsula
Address
7078 Highway 6
Postal Code
N0H2R0
Location Highlights
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Listed by
CHESTNUT PARK REAL ESTATE LIMITED 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
1,600
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
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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
$959,900
Asking Price
$959,900
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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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)
1,600
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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