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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$380,000
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
Location! Location! Location! Rare opportunity to own a prime ground-floor commercial unit on one of the busiest streets in Richmond Hill. This unit fronts directly onto High Traffic Highway 7, surrounded by high-rise residential condos and ongoing developments. Future T&T Supermarket is opening across the street, guaranteeing even higher foot traffic and business potential. Highlights: Ideal for retail, bubble tea, snack bar, beauty salon, nail spa, or hair studioSurrounded by high-income residents and top-ranking school zones strong spending power and stable clienteleExcellent exposure with signage permittedShared condo public washrooms, visitor surface & underground parkingEasy access to YRT/GO Transit, Hwy 407 & 404Why Buy This Unit: Small size means manageable investment & low carrying costHigh rental demand perfect for investors looking for steady cash flowFlexible use great for self-use business owners or long-term investors Option to assist buyers in applying for business loans or government small business grants helping you achieve your entrepreneurial dream sooner! (id:39198)
Location
Province
Ontario
City
Richmond Hill
Address
105c - 370 Hwy 7 E
Postal Code
L4B0C4
Location Highlights
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Listed by
JDL REALTY INC. 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
311
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
$380,000
Asking Price
$380,000
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)
311
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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