Business For Sale · Retail

6253 Quinpool Road, Halifax

6253 Quinpool Road, Halifax, NS B3L1A4

$149,000 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

90%

Year Built

1979

About this property

An excellent opportunity to own a fully equipped, turnkey restaurant in a prime, highly visible location. Surrounded by apartment buildings and office towers, Restaurant Seoulmate is within walking distance of public transit, grocery stores, banks, and other everyday amenities, making it a convenient dining spot for nearby residents and office workers. The restaurant features a welcoming dining area with ample seating and is ready for a new owner to step in. Currently serving sushi and Asian cuisine, the space offers the flexibility to continue the existing concept or bring your own menu and vision to the location. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$149K
Down payment30% · $45K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$688

Projected NOI

$8K

Annual cash flow

$-548

Cash-on-cash

-1.23%

DSCR

0.93

Going-in cap

5.17%

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

129,722

Households

55,519

Median income

$96,500

Median age

32.1

Daytime population

143,260

5-yr growth

7.4%

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

Secure deal room

Confidential diligence documents for 6253 Quinpool Road, Halifax.

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.