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Business For Sale · Retail

357 MILL STREET, Essa (Angus)

357 MILL STREET, Essa (Angus), ON L3W0E2

$274,999 total

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Asset Class

Retail

Size

—

Building class

B

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

82%

About this property

Excellent opportunity to acquire a turnkey restaurant business in Angus, featuring a well equipped commercial kitchen, spacious storage area, and a 70-person patio total monthly rent is 2700 approximate (no TMI). Business Presently run as an Indian Restaurant. The business also includes a food truck operation, providing additional revenue opportunities through live catering and sales at three established prime locations in Barrie, Collingwood, and Orillia. The restaurant enjoys regular catering orders, offering an additional and proven revenue stream. The well-appointed kitchen is designed to support both restaurant operations and catering requirements, while the generous storage space provides excellent functionality. A great opportunity for an owner-operator or investor looking to acquire an established restaurant business with multiple revenue channels, catering potential, food truck operations, and established locations. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$275K
Down payment30% · $82K
Interest rate6.25%
Amortization25 years
Occupancy82%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$12K

Annual cash flow

$-4K

Cash-on-cash

-4.38%

DSCR

0.76

Going-in cap

4.23%

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

92,495

Households

41,939

Median income

$102,000

Median age

44.8

Daytime population

123,785

5-yr growth

3.1%

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

Secure deal room

Confidential diligence documents for 357 MILL STREET, Essa (Angus).

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.