Business For Sale · Retail

101 - 10 KINGSBRIDGE GARDEN CIRCLE, Mississauga (Hurontario)

101 - 10 KINGSBRIDGE GARDEN CIRCLE, Mississauga (Hurontario), ON L5R3K6

$1 total

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Asset Class

Retail

Size

—

Building class

B

Zoning

CNC — Neighbourhood Commercial

$ / SF

—

Occupancy

93%

Lot Size

6500 ac

About this property

TURNKEY RESTAURANT ASSET SALE - SMOKEY SAM'S BARBECUE | MISSISSAUGA. Exceptional opportunity to acquire the restaurant business and assets of SMOKEY SAM'S BARBECUE, prominently located along a major Mississauga transit corridor with excellent visibility and accessibility. Asset Sale Only - Land and Building Not Included. This impressive 6,500 sq. ft. restaurant features approximately 175 indoor seats plus a large outdoor patio with approximately 140 seats, offering significant capacity for dine-in, private events, catering and entertainment concepts. The restaurant features a large commercial kitchen and three commercial exhaust hoods measuring approximately 9 ft, 9 ft & 8 ft, along with 2 coolers and 2 freezers. Most restaurant equipment is included in the sale, providing an excellent opportunity for an operator to take over an established, fully equipped restaurant space. . LLBO license is expired but it can be renewed. Restaurant currently operating 7 days a week. Lease expires December 31, 2030. Landlord will give 5 Years additional term subject to landlord approval for new Buyer. Monthly gross rent including HST: approximately $22,000. Water and hydro included in TMI rent. Tenant pays gas only. Excellent opportunity for restaurant, banquet, entertainment or other permitted food-service concepts, subject to landlord approval and applicable regulations (id:66811)

Financial sandbox

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Estimate
Purchase price$1
Down payment30% · $0
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$0

Projected NOI

$0

Annual cash flow

$-0

Cash-on-cash

-18.47%

DSCR

0.00

Going-in cap

0.00%

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

86,101

Households

34,410

Median income

$94,000

Median age

45

Daytime population

130,469

5-yr growth

7.6%

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

Secure deal room

Confidential diligence documents for 101 - 10 KINGSBRIDGE GARDEN CIRCLE, Mississauga (Hurontario).

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.