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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,199,000
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
Rare opportunity with a great location...commercial space allowing many uses. Main floor area approx. 1500 sqft with 2 sections and separate d/I door each. Previously used for auto-motive. Upstairs is vacant 2 bedroom, 1 bath apartment with separate entrance, and separate meters for utilities. Additional income from roof sign at $3,755 + hst year. There is also a 2nd different property at the back of this, which is 915 A Weston Rd, which is also for sale. **** EXTRAS **** Phase 1 and 2 environmental completed year ago. (id:39198)
Location
Province
Ontario
City
Toronto
Address
915 Weston Rd
Postal Code
M6N3R4
Location Highlights
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Listed by
ROYAL LEPAGE MAXIMUM 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
2,200
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
$1,199,000
Asking Price
$1,199,000
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)
2,200
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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