Business For Sale · Retail

2 3337 KINGSWAY, Vancouver

2 3337 KINGSWAY, Vancouver, BC V5R5K6

$99,000 total

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Asset Class

Retail

Size

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Building class

B

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

87%

About this property

Offered for sale is a well-established, independently owned flagship restaurant with over 12 yrs of successful operation, ideally located at the high-exposure intersection of Kingsway & Joyce in Vancouver East-one of the city's busiest corridors with strong foot traffic, surrounded by dense residential communities and just steps to transit. Specializing in authentic Northern Chinese Cuisines, the business has built a loyal customer base with consistent dine-in repeat clientele and steady takeout demand, maintaining stable performance even through COVID. The space offers 900sf with around 20 seats and an efficient layout, along with a fully Commercial Exhaust Vent Kitchen. This is not a franchise, but a self-created brand, providing full operational control and future growth potential. The business is now available due to retirement, presenting an excellent opportunity for buyers seeking a proven, low-risk, and immediately cash-flowing operation. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$99K
Down payment30% · $30K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$457

Projected NOI

$5K

Annual cash flow

$-739

Cash-on-cash

-2.49%

DSCR

0.87

Going-in cap

4.79%

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

68,024

Households

31,224

Median income

$118,000

Median age

35.7

Daytime population

95,238

5-yr growth

2.5%

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

Secure deal room

Confidential diligence documents for 2 3337 KINGSWAY, Vancouver.

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.