Rotate your device back to portrait Mode!
Rotate your device back to portrait Mode!
BROKERS Register for FREE
BrokerStudio
Suite of tools & services
Benefits
Asking Price
$860,000
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
Lot Size
N/A
Building Size
N/A
Premise Summary
Amazing opportunity to own a multi use unit an established long-time restaurant approximately 1000 sq ft & residential units approximately 2400 sq ft. Live in one of the 3 residential rental units. This is the only restaurant in up-and-coming Comber, with lots of housing development happening. High exposure location! Parking on-site & street parking. Lot is 66 x 165, nice size yard for tenants to use or possible future development for more rental units. Restaurant specializing in homemade pizza, breads, Greek & Canadian cuisine equipped with commercial grade equipments. Seating for 28 & a desirable outdoor patio w/additional seating for 18. Property & units have been lovingly updated & maintained through the years. Updates to frontage glass windows, furnace, plumbing, electrical & roof approx. 10 years ago. 3 rental units - two main floor one-bedroom units & 2nd floor two bedroom. Located on busy Highway #77 & close access to Highway 401. (id:39198)
Location
Province
Ontario
City
Lakeshore
Address
Main
Postal Code
N0P1J0
Location Highlights
N/A
Listed by
ROYAL LEPAGE CERTIFIED REALTY Ontario listing
Category
Property Information
Premise Status
N/A
With Accommodation
N/A
Tenancy
N/A
Lot Size
N/A
Available Space
N/A
Building Size
3,400
Year Built
N/A
Years Remaining in Current Lease Term
N/A
Renewal Options
N/A
Operational Information
Number of Working Owners
N/A
Current Owner - years
N/A
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
$860,000
Asking Price
$860,000
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.
N/A
Gross Revenue- annual
N/A
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)
N/A
EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
N/A
Premises Size (square feet)
3,400
Other Information
Owner willing to Finance
N/A
Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
Save this Listing
Why this Marketplace was Created
Frustrated by the timely process of searching for businesses and commercial properties on the market, the founders at Businesses 4 Sale created a platform to transform the business/commercial property buying and selling experience. The database compiles the most relevant information from multiple industry sources, making it easy for future business/commercial property owners and sellers to find exactly what they are looking for.
