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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,888,000
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 knocks! Hastings Home Hardware is a turn key operation including 2 commercial buildings/properties 13 Front St 143533201007600 & 17 Front St 143533201007500 (Lot size 42X142). Main building over 5400 Sq Ft plus seperate semi-detached commercial building with living quarters on the 2nd floor, 3 bdrm, 2 bath unit and commercial unit on the mail floor. Significant inventory included. Hastings is a beautiful, growing waterfront community "The Hub of the Trent" with numerous developments currently under way, there is a lot of potential. Currently operating as Home Hardware should you wish to continue as such, you will be required to obtain Home Hardware approval. If not you are free to operate the Business under the name you desire. Ample parking. 12' Row from Bridge Street to Loading door. The C1 zoning has many permitted uses. **** EXTRAS**** List of permitted uses and surveys in documents. (id:39198)
Location
Province
Ontario
City
Trent Hills
Address
Front
Postal Code
K0L1Y0
Location Highlights
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Listed by
THE WOODEN DUCK REAL ESTATE BROKERAGE 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
5,500
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
$1,888,000
Asking Price
$1,888,000
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)
5,500
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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