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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$325,000
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
Introducing a prime commercial opportunity in a bustling high-traffic area, this solid building boasts exceptional visibility and accessibility, making it an ideal investment for various business ventures. Featuring a durable steel roof, this structure is built to last, offering peace of mind for any prospective owner. Previously home to a pizza shop, the building retains some existing infrastructure that could easily be adapted for a new culinary venture or transformed into a vibrant retail space. With parking available at the rear, customers will appreciate the convenience, whether they are walking by or driving through. This versatile property is perfect for a restaurant, takeout spot, or any business concept you envision, allowing you to capitalize on the constant flow of pedestrian and vehicle traffic. Dont miss the chance to make this prime location the home of your next successful endeavor! (id:39198)
Location
Province
Nova Scotia
City
Sydney
Address
George
Postal Code
B1P1K2
Location Highlights
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Listed by
Coldwell Banker Boardwalk 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
0
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
$325,000
Asking Price
$325,000
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)
0
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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