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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$349,000
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
Shops at Royal Gardens. Prime street level with excellent exposure fronting onto Highway 7 surrounded by residential condos. Minutes to 404/407/YRT, Viva at doorstep. Walking distance to banks, shops, restaurants and all amenities. Both surface and underground parking available. One underground reserved parking included. Ideal for many retail uses and professional services. Move-in ready with Hvac, hydro and water connections. (id:39198)
Location
Province
Ontario
City
Richmond Hill
Address
Highway 7
Postal Code
L4B0C6
Location Highlights
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Listed by
RE/MAX HALLMARK 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
339
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
$349,000
Asking Price
$349,000
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)
339
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
N/A
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