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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$828,000
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
Multiple Use Commercial Unit In Prime Location of East Beaver Creek Business Park in Richmond Hill. THe Price Include Property and Existing Studio Business ,Approx 804 Sqf+ 300 Sqf Storage Mezzanine For the Office, Functional Layout, Suitable for Great Variety Businesses, Low Maintenance Fee & Well Managed Complex. Ample Parking Space, Perfect for Small Business Owners. Endless Investment Opportunity to Run Your Own Business. The Unit Presently Operating As A Pottery Painting Studio ,10 Years Well Established By Owner, Google Rating 4.9 Stars !! Turn Key Business operation, Extensive Regular Clientele,Kids Birthday Party, Corporate Team Building, School Activities, Private Events Club Memberships,Various Arts& Craft , Pottery , Painting Services Available. Current Owner willing To Train Staff / Ease Transition. Convenient Easy Access to Hwy 7 /404 /407 .
Location
Province
Ontario
City
Richmond Hill
Address
East Beaver Creek
Postal Code
L4B 2N2
Location Highlights
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Listed by
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
0
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
$828,000
Asking Price
$828,000
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)
0
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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