Rotate your device back to portrait Mode!
Rotate your device back to portrait Mode!
BROKERS Register for FREE
BrokerStudio
Suite of tools & services
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.
N/A
Lot Size
N/A
Building Size
N/A
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. The 1,600 sq' commercial building has ample parking and a 16 KVA back up propane generator. There is also a separate 300 sq' storage shed behind the store. Formerly operated as a successful retail business. Hidden between the trees is an incredible 1 1/2 story residence built in 2005 by Quality Engineered Homes. It is 1540 sq ft and has 3 bedrooms, 1 + 1/2 baths, open concept kitchen / dining area with a generous size living room. One floor living is offered with having both the primary bedroom & laundry facilities on the same level. Boasting a modern interior, 3 decks and a full partially finished basement. Possible income opportunity from both facilities. Situated within 3.5 km of the village of Tobermory & located beside the Museum with close proximity to the local bakery. The Bruce Trail and Little Cove Beach are a short drive or bike ride from the property. Survey is border only (id:39198)
Location
Province
Ontario
City
Tobermory
Address
7078 Highway 6
Postal Code
N0H2R0
Location Highlights
N/A
Listed by
CHESTNUT PARK REAL ESTATE LIMITED, BROKERAGE (TOBERMORY) Ontario listing
Category
Property Information
Premise Status
N/A
With Accommodation
N/A
Tenancy
N/A
Lot Size
N/A
Available Space
N/A
Building Size
1,600
Year Built
N/A
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
$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.
N/A
NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
N/A
Gross Revenue- annual
N/A
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)
N/A
EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
N/A
Premises Size (square feet)
1,600
Other Information
Owner willing to Finance
N/A
Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
Save this Listing
Why this Marketplace was Created
Frustrated by the timely process of searching for businesses and commercial properties on the market, the founders at Businesses 4 Sale created a platform to transform the business/commercial property buying and selling experience. The database compiles the most relevant information from multiple industry sources, making it easy for future business/commercial property owners and sellers to find exactly what they are looking for.
