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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$229,900
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
Location! Location! Location! Wow! What a view! This cheery & whimsical corner spot is only a step away from the marina. Turnkey bake shop or take-away food stand available immediately for someone ready to embrace the summer season in Hilton Beach or host special events on St. Joseph Island. Groomed lot prepped for expansion or build a home. Cook/bake shop 18’8” X 20’4”, 11 X 14 Storefront (2023), 11 X 14 Gazebo (2023). Municipal water & sewer. Electric & plumbing upgrades. (id:39198)
Location
Province
Ontario
City
Hilton Beach
Address
Marks
Postal Code
P0R1G0
Location Highlights
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Listed by
StreetCity Realty 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
528
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
$229,900
Asking Price
$229,900
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)
528
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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