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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$898,888
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 opportunity for a wide range of businesses in a highly sought-after location, directly fronting Yonge Street and located within a prestigious condominium complex with 460 fully occupied residential units. This versatile, multi-use commercial property offers soaring 16-foot ceilings, 600V and 100A electrical capacity, and ample free parking, both underground and surface. Professionally designed and luxuriously finished, the unit includes a handicap-accessible washroom, a kitchenette, a dedicated fitting room, and a custom-built front register desk. It also features a separate private room that can be used as an office, storage, or for other flexible purposes. With plenty of built-in storage, excellent lighting, and a bright, open layout, this space is ideal for showcasing products and creating an elevated retail experience as well as office space. Currently designed for a luxury apparel brand, the unit offers a turnkey setup ready for immediate use. This listing is for the sale of the property only. However, there is a unique opportunity to negotiate a franchise or licensing agreement with a well-established Canadian brand, proudly made in Canada and distributed across North America. This optional arrangement allows the buyer to operate under a recognized and respected brand at this premium location. Terms, including additional costs, are flexible and subject to mutual agreement. (id:39198)
Location
Province
Ontario
City
Richmond Hill
Address
Yonge
Postal Code
L4C1V6
Location Highlights
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Listed by
CENTURY 21 HERITAGE GROUP 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
600
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
$898,888
Asking Price
$898,888
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)
600
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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