Business For Sale · Retail

9 - 353 DUCKWORTH STREET, Barrie (Grove East)

9 - 353 DUCKWORTH STREET, Barrie (Grove East), ON L4M5C2

$249,000 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

97%

About this property

Excellent opportunity to own a profitable business on Duckworth Street in Barrie. This location offers very low rent, strong visibility, and great exposure in a busy commercial plaza. The space is equipped with an 8-foot commercial hood, making it well suited for food-service operations. A rebranding option is also available, giving buyers flexibility to continue with the existing concept or introduce their own brand, subject to applicable approvals. Ideally located close to Georgian College and RVH Hospital , and surrounded by established residential communities, the business benefits from strong local traffic, nearby employment, students, hospital staff, and area residents. A great opportunity for an owner-operator or investor looking for an established food business in a high-exposure Barrie location. the reason for selling is that the seller has started a new business in Vancouver, BC, which is doing well, and they are planning to move there. The seller is willing to provide proof of the new business to serious buyers. There is a rebranding option available, the premises have an 8-foot commercial hood. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$249K
Down payment30% · $75K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$17K

Annual cash flow

$3K

Cash-on-cash

4.51%

DSCR

1.24

Going-in cap

6.89%

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

104,326

Households

44,335

Median income

$91,500

Median age

42.2

Daytime population

146,417

5-yr growth

3.7%

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

Secure deal room

Confidential diligence documents for 9 - 353 DUCKWORTH STREET, Barrie (Grove East).

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.