Business For Sale · Retail

15 - 1107 LORNE PARK ROAD, Mississauga (Lorne Park)

15 - 1107 LORNE PARK ROAD, Mississauga (Lorne Park), ON L5H3A1

$162,230 total

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Asset Class

Retail

Size

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Building class

B

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

95%

About this property

**TURNKEY SUSHI RESTAURANT IN PRIME LORNE PARK!** Well-established sushi restaurant located in a busy Mississauga plaza, surrounded by the prestigious and highly sought-after Lorne Park neighbourhood. LOW RENT, ample parking and a loyal base of repeat customers make this an attractive turnkey opportunity. Fully equipped Japanese-style kitchen with commercial ventilation system, offering dine-in, take-out, pick-up and delivery, including established delivery business to nearby grocery stores. LCBO application approved, providing potential to further expand the business. Currently operating with short hours, offering significant upside by extending operating hours and maximizing sales. Options to convert to other cuisine concepts, providing flexibility for an owner looking to introduce a new concept. Ideal for an owner-operator or family business. Turnkey, well-established and ready for its next owner - A MUST-SEE! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$162K
Down payment30% · $49K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$749

Projected NOI

$9K

Annual cash flow

$167

Cash-on-cash

0.34%

DSCR

1.02

Going-in cap

5.64%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

64,398

Households

23,175

Median income

$123,500

Median age

34.5

Daytime population

69,458

5-yr growth

5.8%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 15 - 1107 LORNE PARK ROAD, Mississauga (Lorne Park).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.