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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$999,000
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
This 1.4 acre property within minutes to Picton includes a 3 bedroom bungalow built in 2020 AND a 6000 sq.ft. commercial building that includes a 2000 sq.ft. 3 bedroom apartment with a large open concept kitchen/living area, and almost 4000 sq.ft. to start your new business! 450 sq.ft. office, 620 sq.ft. showroom, 720 sq.ft. display area, and 1880 sq.ft. of workspace with drive in doors! Highway commercial zoning allows a variety of uses making many options. The home has in floor radiant heat with a large open concept main living area walking out to a private deck and yard. Wider doors and hallway for accessibility, high ceilings, double sink vanity, ductless a/c and an attached 30x30 garage with in floor heat is just a start of the beautiful features of this home. Don't miss this great opportunity in Prince Edward County! (id:39198)
Location
Province
Ontario
City
Prince Edward
Address
Clarke
Postal Code
K0K2T0
Location Highlights
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Listed by
RE/MAX QUINTE LTD. 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
5,897
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
$999,000
Asking Price
$999,000
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)
5,897
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
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