Business For Sale · Retail

02 - 1379 UPPER JAMES STREET, Hamilton (Ryckmans)

02 - 1379 UPPER JAMES STREET, Hamilton (Ryckmans), ON L9B1K2

$899,000 total

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Asset Class

Retail

Size

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Building class

C

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

89%

About this property

Turnkey Franchise Ramen Restaurant Business For Sale: Opportunity to acquire an established, turnkey ramen restaurant franchise business (Sale of business only; Real property is Not included) on a high-traffic commercial stretch of Upper James Street, Hamilton. Proudly Canadian, Authentically Japanese, As a Canadian brand, take pride in serving authentic Japanese ramen. Established franchise operation with brand recognition and existing customer base. Prime, high-visibility location on a busy commercial corridor with strong local foot traffic. Fully equipped commercial kitchen withall equipment and chattels included in sale. Established operating history with loyal repeat clientele and steady takeout/delivery business. Lease details available upon request/NDA. Financial statements will be provided to qualified buyers upon execution of a Non-Disclosure Agreement and confirmation of financial capability. Final sales conditional upon franchisor's approval (franchise transfer/assignment approval). (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$899K
Down payment30% · $270K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$44K

Annual cash flow

$-6K

Cash-on-cash

-2.23%

DSCR

0.88

Going-in cap

4.87%

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

129,336

Households

53,951

Median income

$93,000

Median age

32.8

Daytime population

139,541

5-yr growth

7.5%

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

Secure deal room

Confidential diligence documents for 02 - 1379 UPPER JAMES STREET, Hamilton (Ryckmans).

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.