Business For Sale · Specialty

3 - 228 QUEENS QUAY W, Toronto (Waterfront Communities)

3 - 228 QUEENS QUAY W, Toronto (Waterfront Communities), ON M5J2X1

$259,000 total

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Asset Class

Specialty

Size

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Building class

A

Zoning

US — Urban Services

$ / SF

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Occupancy

86%

About this property

LOCATION! LOCATION! LOCATION! Excellent opportunity to acquire KOKO Vision, an established and turnkey optical business at 228 Queens Quay W, in Toronto's highly desirable waterfront community. Prime downtown location surrounded by high-rise condos, offices, hotels, restaurants and major waterfront attractions, offering excellent visibility and exposure to residents, professionals and visitors. Professionally designed retail space with an attractive showroom and functional layout. Offering prescription eyewear, designer frames, sunglasses, lenses and related optical products and services. Ideal for an optician, owner-operator, entrepreneur or existing optical business looking to expand into a premium Toronto location. Established operation with excellent potential for continued growth. Prime Waterfront Location Turnkey Business Established Operation Excellent Exposure Professional Retail Setup Growth Potential Please do not approach employees. All inquiries and showings through the Listing Representative. Additional business and financial information available to qualified buyers, subject to confidentiality requirements. (id:66811)

Financial sandbox

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Estimate
Purchase price$259K
Down payment30% · $78K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$15K

Annual cash flow

$285

Cash-on-cash

0.37%

DSCR

1.02

Going-in cap

5.65%

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

55,680

Households

23,285

Median income

$138,000

Median age

39

Daytime population

64,905

5-yr growth

8.4%

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

Secure deal room

Confidential diligence documents for 3 - 228 QUEENS QUAY W, Toronto (Waterfront Communities).

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.