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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$575,000
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
A rare find in beautiful North Western Ontario. Located in the picturesque town of Manitouwadge Ontario. A full-service family friendly community in the heart of the Boreal Forest. This once-in-a lifetime opportunity to own a large parcel of land in downtown Manitouwadge deserves a closer look. With an excellent location across the street from Manitouwadge Lake, this large merged parcel has plenty of room for expansion and parking. Location and size of lot make for many intriguing possibilities! Large metal dome shaped building has a functional open plan layout for easy conversion. There is a large 2-car garage with a 10-foot door next to the main building for your additional storage needs. Possible uses: family restaurant, outfitters and sporting goods shop, storage facility, private gym/or yoga studio with snack bar, furniture shop, woodworking shop and so much more. Call for further information and to arrange your viewing. Visit www.century21superior.com for more info and pics. (id:39198)
Location
Province
Ontario
City
Manitouwadge
Address
Barker
Postal Code
P0T2C0
Location Highlights
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Listed by
CENTURY 21 SUPERIOR REALTY INC. 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
5,350
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
$575,000
Asking Price
$575,000
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)
5,350
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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