Business For Sale · Retail

11759 CONFIDENTIAL, Richmond

11759 CONFIDENTIAL, Richmond, BC V0V0V0

$278,000 total

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Asset Class

Retail

Size

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Building class

C

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

91%

About this property

Rare opportunity to acquire an established food business in a highly accessible Richmond location. Exceptionally low occupancy cost at approximately $3,500/month, with $600 in monthly sublease income, bringing the effective cost below $3,000/month. A desirable 5+5 lease provides added stability. The premises feature a commercial kitchen with ventilation, walk-in cooler, independent entrance, private washroom, parking, retail space, and limited seating. Operating 7 days a week, 7:30 AM'9:30 PM, with strong takeout and delivery potential. Sale includes the established brand and recipes. Suitable for an owner-operator, family business, central kitchen, catering, takeout, or food retail concept, subject to approvals. Seller may consider partial financing for a qualified buyer. CONFIDENTIAL SALE ' Contact the Listing Agent for further information and a private showing. (id:66811)

Financial sandbox

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Estimate
Purchase price$278K
Down payment30% · $83K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$18K

Annual cash flow

$2K

Cash-on-cash

2.61%

DSCR

1.14

Going-in cap

6.32%

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

41,086

Households

18,095

Median income

$90,000

Median age

32.5

Daytime population

65,516

5-yr growth

1.9%

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

Secure deal room

Confidential diligence documents for 11759 CONFIDENTIAL, Richmond.

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.