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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$5,980,000
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
Opportunity Alert!! Great chance to own a corner retail unit In the heart of the Richmond Olympic Oval Village by the Cressey, with stable leases In place. The rentable area of the premises Is approximately 4232 sq ft, and It has the potential of being subdivdided into two smaller units. Nearby the Olympic oval, T&T supermarket, restaurants and many other new shops that attracts the younger generation, such as origo club, yochi cups, code ninjas, little kitchen, aww pet grooming, wonder kids cafe, 11am tea house, SYU japanese sushi bar, Dynasty dumpling house etc. It has the most unique business circle compared with the other neighbourhood In Richmond. It also surrounder by residential buildings such as Rivergreen, River Park Place etc. It also has a quick access towards Vancouver thru Gilbert rd. Easy to get around everywhere. Amazing exposure, at Hollybridge and Lansdowne rd. Call today! (id:39198)
Location
Province
British Columbia
City
Richmond
Address
115 5668 Hollybridge Way
Postal Code
V7C4N3
Location Highlights
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Listed by
Nu Stream Realty Inc. British Columbia 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
4,232
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
$5,980,000
Asking Price
$5,980,000
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)
4,232
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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