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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$230,000
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
Take advantage of this opportunity to own a commercial space in the vibrant east end of St. John's! Located at 99 New Cove Road, this property presents an ideal investment for your future. The main floor boasts a spacious storefront with a large window, ensuring excellent visibility and an open layout that can be tailored to meet your business requirements. The space is equipped with a convenient main floor bathroom and kitchenette, designed for both functionality and ease of use. Downstairs, you will find ample undeveloped space featuring a new subfloor, perfect for storage. Both levels are efficiently heated and cooled with individual mini-split systems, providing comfort for all occupants year-round. Situated in a high-traffic area, this property offers parking and prime billboard sign space at the front, enhancing your business's visibility. This location is well-suited for a variety of ventures, including hair salons, professional offices for doctors, lawyers, insurance agents, massage therapy, chiropractic services, and more. As one business relocates don’t miss this exceptional opportunity to establish your business in a thriving community. Any applicable HST will be the responsibility of the purchaser. (id:39198)
Location
Province
Newfoundland & Labrador
City
St. Johns
Address
New Cove
Postal Code
A1A2C2
Location Highlights
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Listed by
Royal LePage Vision Realty Newfoundland & Labrador 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
1,496
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
$230,000
Asking Price
$230,000
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)
1,496
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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