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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,589,000
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
***Income Producing Building For Sale*** Annual Positive Cash Flow, Located In a Prime Location of Toronto, A Community With Shops, Restaurants, Banks, Cafes, Schools. Multi-Use Building With Residential & Commercial Units Located In a High Foot & Vehicle Traffic Of Kingston Rd & Victoria Park Ave With Ample Street Parking. Main Floor Features A Busy & Fully Equipped Restaurant With Over 1200 sq.ft (MPAC) of Space, Approx Space For Up To 30 Guests, 8 Ft Exhaust Hood, a Walk-In Cooler, Large Basement & One Parking Space In The Rear For Staff. The Basement Offers A Large Office, Prep Area, Storage Space & One Bathroom. Upper Level Offers a Sep Entrance, One Bedroom Apartment Unit With Over 1000 sq.ft (MPAC) Of Living Space With a w/o Deck In The Rear & One Parking Space. (id:39198)
Location
Province
Ontario
City
Toronto
Address
1004 Kingston Rd
Postal Code
M4E1T2
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
2,324
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
$1,589,000
Asking Price
$1,589,000
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)
2,324
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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