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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$2,200,000
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
Rarely Offered Retail/Professional Office In Prime Old Thornhill Right On Yonge And On The Future Yonge Line Extension. Currently Split As Two Units (2nd floor And Main & Basement) But Can Be Made Into One Large Unit With Finished Basement At Approximately 4,500 Sq. Ft. including basement (3,000 Sq.ft. on Main and 2nd Floor). Move In Ready 2nd Floor With 3 Offices, Open Workspace Area, Reception, Kitchenette & Washroom. Main Floor Reception With Boardroom & Several Private Offices, Kitchenette & Washroom. Finished Basement With Kitchenette, Private Offices and Two Washrooms. Ample Free Onsite Parking! Ground Floor Tenant Lease Expires In August 2026. Excellent Zoning Allows for Many Uses In Growing Transit Oriented Community With New Yonge Line Subway Extension Planned. (id:39198)
Location
Province
Ontario
City
Vaughan
Address
Yonge
Postal Code
L4J1V9
Location Highlights
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Listed by
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
4,500
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
$2,200,000
Asking Price
$2,200,000
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)
4,500
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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