Business For Sale · Retail

8 - 12960 YONGE STREET, Richmond Hill (Oak Ridges)

8 - 12960 YONGE STREET, Richmond Hill (Oak Ridges), ON L4E3K2

$78,000 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

FULLY OPERATIONAL HALAL MEAT SHOP IN THE HEART OF RICHMOND HILL! A RARE TURNKEY OPPORTUNITY TO TAKE OVER AN ESTABLISHED HALAL BUTCHER SHOP WITH EQUIPMENT, SUPPLIERS AND SYSTEMS ALREADY IN PLACE. THE SHOP IS FULLY EQUIPPED WITH A WALK-IN COOLER, COMMERCIAL MEAT GRINDER, LARGE-CAPACITY SCALE, NELLA VACUUM SEALER, DISPLAY COOLERS, CUTTING STATIONS AND ALL ESSENTIAL EQUIPMENT REQUIRED FOR DAY-TO-DAY OPERATIONS. ESTABLISHED RELATIONSHIPS WITH TRUSTED HALAL SUPPLIERS WILL BE TRANSFERRED TO THE NEW OWNER, ENSURING CONSISTENT PRODUCT AND UNINTERRUPTED SERVICE FROM DAY ONE. THE CURRENT OWNER WILL PROVIDE TRAINING TO ENSURE A SMOOTH TRANSITION. SITUATED IN A HIGH-VISIBILITY, HIGH-TRAFFIC PLAZA WITH AMPLE PARKING, THE BUSINESS BENEFITS FROM A LOYAL, ESTABLISHED CUSTOMER BASE AND STRONG REPEAT TRAFFIC FROM THE SURROUNDING COMMUNITY. THE FUNCTIONAL LAYOUT AND COMMERCIAL-GRADE SETUP ALLOW A NEW OWNER TO STEP IN AND OPERATE IMMEDIATELY. WHETHER YOU ARE LAUNCHING YOUR FIRST BUSINESS OR EXPANDING AN EXISTING FOOD OPERATION, THIS IS AN EXCEPTIONAL CHANCE TO ACQUIRE A FULLY EQUIPPED HALAL MEAT SHOP IN A PRIME RICHMOND HILL LOCATION. TURNKEY, WELL-EQUIPPED, SUPPLIERS AND TRAINING INCLUDED. READY FOR A NEW OWNER TO TAKE OVER (id:66811)

Financial sandbox

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Estimate
Purchase price$78K
Down payment30% · $23K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$360

Projected NOI

$5K

Annual cash flow

$944

Cash-on-cash

4.03%

DSCR

1.22

Going-in cap

6.75%

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

66,972

Households

31,403

Median income

$84,000

Median age

44.5

Daytime population

95,549

5-yr growth

3.4%

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

Secure deal room

Confidential diligence documents for 8 - 12960 YONGE STREET, Richmond Hill (Oak Ridges).

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.