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Suite of tools & services
Benefits
Asking Price
$2,978,000
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
N/A
Premise Summary
Exceptional Two-Storey Multi-Use Storefront Building in Demand Location!! Prime Yonge St Corridor! Close to Numerous Planned Residential & Commercial Developments! Renovated, Bright and Spacious! Main Level is used as Restaurant with Seats Approx. 25, Lower Level with High Ceiling, 2 Washroom, Lots of Storage Space. 2nd Floor with Private Entrance from Street Level, Washroom, Laminate Flooring Thru-out. Close to All Amenities, Steps to Fine Dining, Shopping Centres, Parks, Yonge Subway Line/TTC and Mayor Hwys. In The Heart Of Toronto's Booming Midtown Shopping Node. **** EXTRAS **** Ideal for Service Oriented Businesses i.e. Medical, Dental, Beauty & Spa, Prof. Offices Offers High Visibility & Easy Accessibility for Pedestrian and Vehicular Traffic. (id:39198)
Location
Province
Ontario
City
Toronto
Address
3421 Yonge St
Postal Code
M4S2A2
Location Highlights
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Listed by
RE/MAX ESCARPMENT 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
2,000
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
N/A
Financial Information
Yearly Rate
$2,978,000
Asking Price
$2,978,000
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.
N/A
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.
N/A
Premises Size (square feet)
2,000
Other Information
Owner willing to Finance
N/A
Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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