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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$398,000
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
"The Balsamea House" is a 21st century, barn inspired, seasonal-retail store, located just before the bridge which crosses the Mushamush River at the estuary of the beautiful seaside town, Mahone Bay. It has served as a popular seasonal shop specializing in Christmas trees, wreathes, garlands and greenery. It has also sold honey and condiments, crafts and the odd antique or two for good measure. This country store has been a been a perennial favourite for over twenty-two years for those travelling from far and wide to share in its rich atmosphere and take home a piece of time honoured tradition. The building was constructed of wood milled on site specifically for its construction, which the heavy beams of the structure will attest. The main showroom, consisting of 775 square feet, boasts locally milled, red oak, plank floors. This open space is heated by a wood burning stove which comfortably heats the building until the close of season in late December. Full of natural light, this retail house - with its nine foot ceilings - features large, hand crafted, bespoke, wood sash windows. A new septic has been installed and a 2,500 gallon cistern is in place. The property has a park-like natural setting and at just under two acres would accommodate a new owners plans for expansion or an additional private house. The highly visible location at the gate to Mahone Bay would certainly lend itself to the success of any variety of business enterprises. (id:39198)
Location
Province
Nova Scotia
City
Oakland
Address
8471 Highway 3
Postal Code
B0J2E0
Location Highlights
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Listed by
Engel & Volkers (Lunenburg) Nova Scotia 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
0
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
$398,000
Asking Price
$398,000
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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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)
0
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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