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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$739,000
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
Welcome to 108 Elora street in the heart of the town of Mildmay. This is your opportunity to be part of a fabulous community and like the previous owners who ran a successful business for decades, capitalize on a growing community. This property offers a large commercial space to run a business out of as well a two bedroom apartment up top to either live in or rent out as an option to offset expenses. The attached double garage is an added bonus as well as the oversized lot (to be severed) allowing the option for the owner to both potentially reside and operate their business. For more information please feel free to reach out. (id:39198)
Location
Province
Ontario
City
South Bruce
Address
Elora
Postal Code
N0G2J0
Location Highlights
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Listed by
eXp 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
3,290
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
N/A
Financial Information
Yearly Rate
$739,000
Asking Price
$739,000
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.
N/A
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)
3,290
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
N/A
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