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Value of land: $50,000 - of building: $211,252 |
$261,252 |
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Fair market value of equipment:
(estimated cost to replace new $300,000) |
$153,985 |
|
Value of inventory at cost: |
$25,000 |
Gross sales: $236,013.27 (Not
including $13,800 annual rent from apartments.)
Owner values the income from all sources at
$50,000 (approximately 20%) |
$50,000 |
|
Value of training, proprietary processes and other
intangible assets: |
$5,000 |
|
Owners estimated
value of this opportunity: |
$495,237 |
|
Asking price:
(plus stock at cost) |
$375,000 |
Current
owner is making approximately $1,000 per month in loan payments,
vehicle, gas, insurance, groceries and much more from the
business.
Each person will run the business differently so expenses will
vary.
|
BUILDING
- cement block construction
- 24' x 90'
- two storeys with full basement
- approximately 6,400 ft²
- tar and chip roof
LAYOUT
- main floor
- retail area
- kitchen
- bakery
- seating capacity 24 - 36
- two washrooms
- second floor
- 1 bedroom apartment; fridge and stove
included
- 2 bedroom apartment, newly renovated in
2003; fridge and stove included
- basement
- storage area
- walk-in refrigerator
- kitchen
- office
- outside walk-in freezer 16' x 24'
MECHANICAL
- natural gas boiler; new in 2006
- commercial air conditioning; new in 2007
- town water, sewer, garbage pickup
EQUIPMENT AND INVENTORY
- five-door walk-in cooler
- natural gas fryer and grill
- commercial dishwasher
- three-deck electric bakery oven
- bakery display cases
- counter and shelving
- 2 tills
- over 600 DVDs
- seller has complete list
FEATURES
- main street location
- downtown core
- business operated by current owner since
1994
- same business operated by previous owners
TAXES
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ABOUT
THE COMMUNITY:
-
Englehart is situated between North Bay and Timmons; easy drive to
Ottawa.
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CLICK
HERE to view an interactive map.
(once map is open click on it to zoom in and out)
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Please
visit www.englehart.ca for information about the community.
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This is an exciting opportunity as three new mines are slated to
come into the area.
-
Forestry is a big employer.
-
Local Wafer Board plant has been operating for 25 years - 200
employees.
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Agriculture - Southern Ontario influx.
|
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For more
information,
please call:
John or Donna Knight
(705) 544-7724
8 djcknight@parolink.net
Seller prefers email contact. |
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professional lawyers, accountants and investment counsellors. Do not
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