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Suite of tools & services
Benefits
Asking Price
$328,000
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
Situated in the heart of Richmond at Yaohan Centre, this 325 sq.ft. retail store on the bustling 2nd floor offers prime exposure to high foot traffic. Recent upgrades, valued at $6000, include new hardwood flooring and fresh paint, enhancing the appeal of this versatile space. With a variety of retail usage options and neighboring amenities such as the renowned Osaka Chinese grocery store and the bustling Asian food court on the ground floor, this location presents an unparalleled opportunity for business success. With easy access to transit, Skytrain station, Aberdeen Centre, and ample parking, this rare opportunity presents the perfect setting to start or expand your retail business. Don't miss this rare chance to own a retail store in a thriving commercial hub with potential for future high-density development. (id:39198)
Location
Province
British Columbia
City
Richmond
Address
2030 3700 No.3 Road
Postal Code
V6X3X2
Location Highlights
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Listed by
Sotheby's International Realty Canada 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
325
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
$328,000
Asking Price
$328,000
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)
325
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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