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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$598,000
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
Opportunity Knocks! Commercial Condo With Many Permitted Uses In Excellent Location. Approx. 1526 Sq. Ft. Plenty Of Common Parking Spots, Close To Highway, Easy Bus Route Access. Perfect For End User Or Investor - Property Is Highly Rentable. Reasonable Carrying Costs. currently it is running as a breakfast and lunch. rent 2200/m plus TMI (This business is for sale on MLS too). lease agreement to 2029 plus 5 years option. (id:39198)
Location
Province
Ontario
City
Newmarket
Address
Leslie
Postal Code
L3Y3E3
Location Highlights
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Listed by
MASTER'S CHOICE 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
1,526
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
$598,000
Asking Price
$598,000
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)
1,526
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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