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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,090,000
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
Opportunity To Own Free Standing Building with the only reputable laundry and the most popular laundromat in the town where 19,000 residents reside. Owner can manage three businesses alone and will create super profit. Coin Laundry( Washer x 20, Dryer x 14 ), Dry Cleaning Depot And Convenience Store. Convenience: $14,000 Per Week, Lotto : $5,000 Per Month. Coin Laundry & Depot will create more profit. Very Easy Operation. Great Investment Opportunity On Busy Traffic Of Fast Growing Town Near Walmart, Staples And Canadian Tire. (id:39198)
Location
Province
Ontario
City
Tillsonburg
Address
9 Lisgar Ave
Postal Code
N4G5A9
Location Highlights
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Listed by
HOME STANDARDS BRICKSTONE REALTY 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
2,900
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
$1,090,000
Asking Price
$1,090,000
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)
2,900
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
N/A
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