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BrokerStudio
Suite of tools & services
Benefits
Monthly Rate
$3,500
Lease Rate
N/A
Space Size
N/A
Year Built
N/A
Premise Summary
Located at the corner of two of the Citys historic neighbourhoods, Stipley and Crown Point, 51 Gage Avenue N embraces its past and is designed for the future. Completely professionally restored, redesigned, and improved to celebrate the building's rich history in the area, this prime corner location would be ideally suited for a variety of uses. Existing design plans available for full service sit down restaurant, including large main floor kitchen space, full height lower level with 3 bathrooms, storage area, and wash/prep area. Additional uses include retail, professional services, or office use. Stipley and Crown Point have recently experienced the efforts of revitalization aimed at enhancing the quality of life for the neighbourhood and visitors alike. Steps to Tim Hortons Field, the new Bernie Morelli Recreation Centre, and a short walk to Ottawa Street, this is an exciting opportunity to bring a new concept to one of Hamiltons most vibrant communities. **** EXTRAS **** Total square footage includes main floor (1,110sf) and lower level (745sf). Large full height lower level includes three bathrooms and storage areas. (id:39198)
Location
Province
Ontario
City
Hamilton
Address
#mn/lr -51 Gage Ave N
Postal Code
L8L6Z8
Location Highlights
N/A
Listed by
SOTHEBY'S INTERNATIONAL REALTY CANADA Ontario listing
Category
Property Information
Premise Status
N/A
With Accommodation
N/A
Tenancy
N/A
Space Size
N/A
Available Space
N/A
Building Size
1,855
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
Monthly Rate
$3,500
Asking Price
$3,500
Rate/yr
N/A
Floor of Lease
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)
1,855
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
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