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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$6,800,000
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
Solid 5450 Square foot building Corner property at No. 2 and Blundell in Richmond on a 11,800 Sq Ft lot. Solid steel frame and concrete block building Over 150 square foot frontage on No. 2 Road and 75 foot frontage on Blundell. Across from Blundell Centre with many popular businesses including Mcdonald's, Shopper's, VanCity Savings, BMO, Foodco, Starbucks and many many more. (plus the site parking lot is 11,300 sq ft at 7680 No. 2 Road is owned and listed separately ) (id:39198)
Location
Province
British Columbia
City
Richmond
Address
7960 No. 2 Road
Postal Code
V7C3L9
Location Highlights
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Listed by
Multiple Realty Ltd. 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
5,455
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
$6,800,000
Asking Price
$6,800,000
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)
5,455
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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