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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$319,900
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
LARGE COMMERCIAL BUILDING WITH GREAT EXPOSURE! Sitting on a 22254 sqft corner lot in a high traffic location with many other business near by. The building is roughly 2000 sqft with an operating laundromat, U-Haul rental contract, propane sales and rental income (currently a tattoo parlour). Recent updates include asphalt shingles 2009, natural gas boiler 2014, 1 new washer (2016), 6 new washers 2017, 6 new dryers (2022). The U-Haul contract is a 3 year term which was renewed Oct 1st, 2022. Four lots included in the sale: PIDs 25035122, 25015280, 25015272, and 25035114. Be sure to check out the 3D Tour and floor plans for more details. (id:39198)
Location
Province
Nova Scotia
City
Amherst
Address
99 Albion Street S
Postal Code
B4H2X2
Location Highlights
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Listed by
Coldwell Banker Performance Realty 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
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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
$319,900
Asking Price
$319,900
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)
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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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