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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,298,000
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
One of the prestigious units located directly under the Liberty Suites in the world on yonge condos. This corner unit has two entrances, new flooring, one washroom, kitchen and a mezzanine. Nothing but the finest finishes as well as modern touches to make it a very attractive and welcoming unit. New hot water tank installed as well. all new electrical, plumbing, security cameras, accent wall with fireplace, and tv. **** EXTRAS **** currently rented out on a 3 year lease, must assume tenant. 5.8% cap rate at current list price. (id:39198)
Location
Province
Ontario
City
Markham
Address
#103 -7191 Yonge St
Postal Code
L3T0C4
Location Highlights
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Listed by
RE/MAX HALLMARK REALTY LTD. 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
1,298
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
$1,298,000
Asking Price
$1,298,000
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)
1,298
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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