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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$715,000
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
EXCELLENT LOCATION! Coveted commercial unit with direct exposure to West Pearce, prestigious high traffic business park close to Hwy 7 and Leslie, 404 & 407. Current use as a Health and Beauty Wellness Center, spacious Reception and Waiting area, 4 Treatment rooms, Storeroom, Laundry + Kitchen, Washroom with Shower. Well maintained and renovated. Excellent opportunity for end users and investors. Don't Miss Out! **** EXTRAS **** 1 Kitchenette W/ Washer and Dryer 1 Washroom with Shower, 4 Treatment rooms, 1 Storeroom. Very Well Maintained Complex with professional landscaping (id:39198)
Location
Province
Ontario
City
Richmond Hill
Address
#3 -35 West Pearce St
Postal Code
L4B3A9
Location Highlights
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Listed by
RE/MAX ELITE REAL ESTATE 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
1,137
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
$715,000
Asking Price
$715,000
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)
1,137
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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