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Suite of tools & services
Benefits
Asking Price
$2,499,999
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
1 acre of Industrial land with RG3[151r] Industrial zoning located in Richmond. Prime development opportunity With tons of new home developments in the Direct area. The businesses on the lot are all fully leased. 3835 McBean is being sold with 3833 McBean which is the lot directly to the left when facing the property and all details are included in this listing. It currently has a food truck and Storage rentals containers on it, both lots have 100 feet of frontage. “The owner of the property is currently operating the business Richmond Motorsports in the front unit and will Consider selling the business in addition to the property. 24 hour irrevocable on all offers and 24 hours notice for showings. (id:39198)
Location
Province
Ontario
City
Richmond
Address
3835 Mcbean Street
Postal Code
K0A2Z0
Location Highlights
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Listed by
EXP 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
7,960
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
$2,499,999
Asking Price
$2,499,999
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)
7,960
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
N/A
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