Business For Sale · Specialty

Unknown

Unknown, ON

$199,000 total

2,500 SF

Asset Class

Specialty

Size

2,500 SF

Building class

B

Zoning

US — Urban Services

$ / SF

$80

Occupancy

97%

Year Built

2014

About this property

Excellent opportunity to acquire a well-established cannabis store located in Vermilion with strong visibility and steadycustomer traffic. Monthly rent inlcuding operating cost is $1,890. The business benefits from a loyal customer base. Great opportunity totake over an operating business. Confidentiality agreement required. PLEASE DO NOT APPROACH STAFF OR VISIT THE BUSINESSWITHOUT AN APPOINTMENT. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$199K
Down payment30% · $60K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$919

Projected NOI

$16K

Annual cash flow

$5K

Cash-on-cash

7.68%

DSCR

1.42

Going-in cap

7.85%

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.

Rent roll (estimated)

TenantAreaExpiry
Summit Trades Supply828 SF2033-01
Summit Trades Supply1,587 SF2033-01

Area demographics

Trade area within 3 miles of the property.

Population

84,213

Households

36,783

Median income

$87,500

Median age

41.9

Daytime population

98,896

5-yr growth

3.1%

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

Secure deal room

Confidential diligence documents for Unknown.

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.