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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,100,000
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
One of the most favourable changing business neighbourhoods in Toronto. Transformation is in motion as more and more new condos are being erected connecting the Scarborough Bluffs with the Beaches. A chance to own a property in Cliffcrest in a neighbourhood that has great potential and room to grow. Current tenant on main floor till Nov. 2026. Willing to move with few months notice. Reception in front + 3 offices. 2nd floor vacant - needs paint and some touch ups. 2nd floor - 2 bdrm apt, hdwd throughout with 9' ceilings + hdwd floors. 2 car parking in front + 2 car parking at back, front and back entrance. (id:39198)
Location
Province
Ontario
City
Toronto
Address
Kingston
Postal Code
M1N1V2
Location Highlights
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Listed by
ROYAL LEPAGE VISION 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
3,000
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
$1,100,000
Asking Price
$1,100,000
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)
3,000
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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