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Benefits
Total income received prior to any expenses.
N/A
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Cash Flow 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)
Premises Size (square feet)
0Monthly Rent/Sq.Ft.
N/ASave this Listing
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Calling all restaurateurs & investors, this is the gem you have been waiting for! This turnkey business is awaiting its new owner. Previously known a McGill?s Restaurant, this over 5000 sq ft of space offers the ability to be flexible with your intentions. As you enter the main dining area you are welcomed by a 900 sq ft dining space offering a 40-person seating capacity, with a large service area comprising of a coffee station, a 12 ft encased refrigerated display showcase, and two public restrooms. Off the main dining room, you enter the fine dining room, boasting over 800 sq ft, with an average seating capacity of 45. The fine dining area offers an executive experience, with a beautiful propane fireplace as the centrepiece, high back chairs, custom built lighting, an audio system and a gorgeous, custom-quality built temperature-controlled wine cellar, fully encased in glass for the guests viewing pleasure. Upstairs you will find a 900 sq ft special events room / bar. The space is equipped with entertainment options, offering a 150 sq ft service area and a fully functioning, 22 ft long bar. The space also includes two more restrooms, and double doors leading you to the 200 sq ft deck, overlooking the front of the property. The kitchen is fully up to date, and fully equipped with a 7x9 walk-in fridge and a 7x5 walk-in freezer. In the back of the building, you will find a storage room for the business and a large, ground level loading area with 1200 sq ft + of space and a 10x12 bay door. Located only minutes from the major highway and well positioned in New Minas, the shopping hub of the Annapolis Valley, this gem of a property is perfect for your next restaurant! Contact us today for more details! (id:39198)
Total income received prior to any expenses.
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N/A
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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N/A
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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