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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$638,000
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
Prime Ground-Floor Commercial Units at Langham Square - Unionville (Facing Kennedy Rd). Exceptional opportunity to own two combined ground-floor units located by the main mall entrance at Langham Square. Total Gross Area: 698 + 264 sq ft, Net Area: approx. 867 sq ft. Steps from T&T Supermarket, close to public transit, across New Kennedy Square, surrounded by strong residential and commercial demand. Ideal Uses for food or café, dental, medical office, spa, travel agency, insurance office, courier service & pick-up, student/internet lounge, and many other retail or professional uses. (id:39198)
Location
Province
Ontario
City
Markham
Address
Kennedy
Postal Code
L3R0P5
Location Highlights
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Listed by
RE/MAX EXCEL REALTY LTD. 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
962
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
$638,000
Asking Price
$638,000
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)
962
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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