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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$345,000
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
Presenting an 800 sq. ft. professional commercial office space with five bedrooms and water access. This versatile unit includes two window rooms, is handicap accessible, and is situated just 3 minutes from Highway 401. Located in a professional building with diverse permitted uses, the property features underground designated parking and ample client parking. Its strategic location places it 8 minutes from Scarborough Town Centre Mall and 5 minutes from Centennial College campus. Don't miss this prime opportunity for your business's success, schedule a viewing today! (id:39198)
Location
Province
Ontario
City
Toronto
Address
315 - 885 Progress Avenue
Postal Code
M1H3G3
Location Highlights
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Listed by
RE/MAX METROPOLIS 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
800
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
$345,000
Asking Price
$345,000
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)
800
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
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Frustrated by the timely process of searching for businesses and commercial properties on the market, the founders at Businesses 4 Sale created a platform to transform the business/commercial property buying and selling experience. The database compiles the most relevant information from multiple industry sources, making it easy for future business/commercial property owners and sellers to find exactly what they are looking for.
