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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$220,000
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
Welcome to this unique retail store/professional office with private washroom and storage room at Shoppes of the Parkway on Highway 7 East, directly beneath the Sheraton Parkway Hotel with ample outdoor and indoor parking, along one of the Richmond Hill's busiest corridors with easy access to Highway 404, Viva Rapid Transit and more. Excellent opportunity for a variety of uses including retail, service or professional office. (id:39198)
Location
Province
Ontario
City
Richmond Hill
Address
Hwy 7 E
Postal Code
L4B3P2
Location Highlights
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Listed by
EXPRESS 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
439
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
$220,000
Asking Price
$220,000
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)
439
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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