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Business For Sale · Retail

117 - 1520 STEELES AVENUE W, Vaughan (Concord)

117 - 1520 STEELES AVENUE W, Vaughan (Concord), ON L4K3B9

$388,000 total

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Asset Class

Retail

Size

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Building class

C

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

89%

About this property

TURNKEY RESTAURANT OPPORTUNITY AT STEELES & DUFFERIN! Skip the time and expense of a major build out and step into this fully renovated 2,212 sq. ft. ***Eggsmart franchise*** in a high visibility, busy plaza at one of Vaughan's major intersections. The bright, modern restaurant offers 105 seats, newer equipment, a 13 ft commercial kitchen hood and walk in cooler, providing a well equipped setup for an owner operator, partners or family operation. Established at this location and currently operating as Eggsmart. Continue with the existing franchise or explore another permitted restaurant concept, subject to landlord/franchise approval and applicable use restrictions. Lease currently runs to March 2031 with an additional 5 year option. Excellent exposure, convenient plaza access and ample shared parking, with quick connections to Hwy 407, Hwy 401 and Allen Rd. An excellent opportunity to acquire an established, professionally built out restaurant in a strong commercial location. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$388K
Down payment30% · $116K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$19K

Annual cash flow

$-3K

Cash-on-cash

-2.40%

DSCR

0.87

Going-in cap

4.82%

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

145,652

Households

53,580

Median income

$105,000

Median age

43.5

Daytime population

145,459

5-yr growth

7.1%

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

Secure deal room

Confidential diligence documents for 117 - 1520 STEELES AVENUE W, Vaughan (Concord).

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.