For Sale · Hospitality

53 SIMCOE Street, Scotland

53 SIMCOE Street, Scotland, ON N0E1R0

$1.2M total

1,700 SF

Asset Class

Hospitality

Size

1,700 SF

Building class

B

Zoning

CB2 — Central Business

$ / SF

$735

Occupancy

89%

About this property

An exceptional opportunity awaits in the heart of Scotland. The Field House Restaurant is a well-established, family-run business known for its quality dining experience, welcoming atmosphere, and strong community presence. Proudly owned and operated by the same family, the restaurant has built a loyal clientele by focusing on fresh ingredients and consistently delivering outstanding customer satisfaction. Step inside to discover a warm and inviting interior, thoughtfully updated with a complete renovation in 2016, including both the dining area and kitchen. A striking stone feature wall anchors the bar area, complemented by a beautiful black walnut countertop—creating a natural gathering space for guests. The main dining room showcases a charming barn board feature wall and offers seating for up to 60 guests, providing both comfort and character. In 2021, an additional dining space was thoughtfully created, ideal for hosting intimate private functions and seamlessly connected to the main dining area. During the warmer months, guests can enjoy the rear patio, which accommodates approximately 20 people, with further potential to expand outdoor seating at the front of the property. The spacious chef’s kitchen is designed for efficiency, offering ample room for food preparation and service, along with extensive indoor and outdoor storage. The property also includes two washrooms, all owned equipment, and generous on-site parking, situated on a sizable 80 ft x 165 ft lot. Ideally located just minutes from Brantford, this turnkey offering presents a rare opportunity to own both a thriving business and the property in the growing community of Scotland. With strong existing operations and room for future growth, this is a standout opportunity for entrepreneurs and investors alike. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.25M
Down payment30% · $375K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$79K

Annual cash flow

$10K

Cash-on-cash

2.65%

DSCR

1.14

Going-in cap

6.34%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Cascade Foods Inc.899 SF2028-04
Cascade Foods Inc.400 SF2028-04
Cascade Foods Inc.400 SF2028-04

Area demographics

Trade area within 3 miles of the property.

Population

73,171

Households

31,372

Median income

$94,000

Median age

45

Daytime population

103,500

5-yr growth

3.5%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 53 SIMCOE Street, Scotland.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.