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Suite of tools & services
Benefits
Asking Price
$1,390,000
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
Profitable Chinese takeout restaurant business, building, and land available for sale. This corner lot, strategically positioned at St. Joseph Blvd and Place d'Orleans drive directly across from Place d'Orleans Shopping Centre, offers a high-visibility location with remarkable potential. The property is in close proximity to the LRT and enjoys easy access to Highway 174. Benefiting from Arterial Mainstreet (AM3) zoning, this versatile space allows for a multitude of residential and commercial uses, providing flexibility for future development. Adding to the property's appeal, a Shoppers Drug Mart is conveniently located right next door, enhancing the overall convenience and attractiveness of the location. Plenty parking spots at the back. (id:39198)
Location
Province
Ontario
City
Orleans
Address
2908 St Joseph Boulevard
Postal Code
K1C1G7
Location Highlights
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Listed by
ROYAL LEPAGE PERFORMANCE 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
1,000
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
$1,390,000
Asking Price
$1,390,000
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)
1,000
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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