Business For Sale · Retail

24 - 180 STEELES AVENUE W, Vaughan (Crestwood-Springfarm-Yorkhill)

24 - 180 STEELES AVENUE W, Vaughan (Crestwood-Springfarm-Yorkhill), ON L4J2L1

$299,000 total

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Asset Class

Retail

Size

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Building class

B

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

95%

Lot Size

4200 ac

About this property

LOCATION! LOCATION! LOCATION! Rare Opportunity To Own A Well-Established, Fully Equipped Korean BBQ Restaurant In A Prime Vaughan/North York Location! This Turnkey Restaurant Offers Approximately 4,200 Sq. Ft. Two Private Dining Areas, And LLBO Approval With 180 Seats. Fully Equipped With Individual Tabletop Grills, 12 Tabletop Ventilation Systems, A 16-Ft Commercial Exhaust Hood, Walk-In Cooler And Freezer, Commercial Kitchen, Preparation Areas, And 2 Washrooms. Everything Is In Place For A Seamless Takeover And Immediate Operation. Current Lease Offers 5+5 Years Remaining At $15,102.45/Month, Including TMI And HST. Ample Free Customer Parking Available. Excellent Opportunity To Continue The Existing Korean BBQ Concept Or Convert To Other Restaurant Cuisines. A Rare Turnkey Restaurant Opportunity With Extensive Equipment, Seating Capacity, And Great Potential! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$299K
Down payment30% · $90K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$16K

Annual cash flow

$-850

Cash-on-cash

-0.95%

DSCR

0.95

Going-in cap

5.26%

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

110,780

Households

48,835

Median income

$119,000

Median age

34.9

Daytime population

187,483

5-yr growth

6.5%

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

Secure deal room

Confidential diligence documents for 24 - 180 STEELES AVENUE W, Vaughan (Crestwood-Springfarm-Yorkhill).

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.