Business For Sale · Specialty

89 Norman STREET, Sarnia

89 Norman STREET, Sarnia, ON N7T6S4

$199,000 total

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Asset Class

Specialty

Size

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Building class

B

Zoning

US — Urban Services

$ / SF

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Occupancy

89%

About this property

Discover an exciting opportunity to acquire an established food-service business located within a hospital in Sarnia. Offered at an attractive price, this business presents a compelling opportunity for entrepreneurs, owner-operators, and investors seeking an existing operation in a distinctive institutional setting. One of the key highlights is its exceptionally favorable occupancy cost, providing an attractive advantage in today's commercial market. Whether you're looking to enter the food-service industry or expand your existing business portfolio, this opportunity is worth exploring. The seller is open to considering flexible purchase arrangements, including potential Vendor Take-Back financing, subject to mutually agreeable terms. Opportunities combining a unique location, affordable entry price, and flexible deal possibilities deserve a closer look. Business sale only; real estate is not included. Don't miss your chance to explore what this business has to offer. A new sublease agreement will be executed with the successful buyer upon entering into a binding Agreement of Purchase and Sale, subject to mutually agreed-upon terms and conditions. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$199K
Down payment30% · $60K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$919

Projected NOI

$11K

Annual cash flow

$399

Cash-on-cash

0.67%

DSCR

1.04

Going-in cap

5.74%

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

96,773

Households

37,051

Median income

$122,000

Median age

37

Daytime population

122,169

5-yr growth

1.3%

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

Secure deal room

Confidential diligence documents for 89 Norman STREET, Sarnia.

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.