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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$7,000,000
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
1.06 Acres Freestanding Free Standing Building With Flexible Zoning In Scarborough Prime Location Major Intersections Sheppard Ave E / Mccowan Rd , Very Close To 401 Highway, Well Maintained. Presently Used As Religious Or Educational, Ample Parking 25, Big Open Concept Worship Church Or Seminar Training Place. And Offices/Meeting Rooms, W/5 Bathrooms W/ Kitchen W/Large Lunchroom. Property Is In Excellent Condition. **** EXTRAS **** Scarborough Subway Will Extend To Mccowan Road And Sheppard Avenue E From Kennedy Station, This Property Very Close Walk Distance With Mccowan Road And Sheppard Avenue E Subway Station Of Scarborough Subway Extension (id:39198)
Location
Province
Ontario
City
Toronto
Address
70 Mcgriskin Rd
Postal Code
M1S4S5
Location Highlights
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Listed by
RIGHT AT HOME REALTY Ontario 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
8,550
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
$7,000,000
Asking Price
$7,000,000
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)
8,550
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
N/A
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