Business For Sale · Retail

24-25 - 2425 TRUSCOTT DRIVE, Mississauga (Clarkson)

24-25 - 2425 TRUSCOTT DRIVE, Mississauga (Clarkson), ON L5G2B4

$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

Rare opportunity to own a well-established restaurant and bar featuring three complementary revenue sources: Champions Off Track betting, a busy bar, and a successful Thai restaurant. Champions Off Track generates approximately $15,000-$18,000/month in commission, while the bar produces approximately $34,000/month in sales and the Thai restaurant generates approximately $37,000/month in sales. Conveniently located in a prime plaza surrounded by a high-density residential community, this business benefits from an established clientele and a strong neighbourhood presence. Despite its multiple revenue streams, the operation is easy to manage with only 2 full-time and 2 part-time employees. The restaurant features a fully equipped commercial kitchen, offering excellent flexibility for an incoming owner to continue the successful Thai concept or convert to virtually any other cuisine. Attractive occupancy costs with rent of only $8,000/month, including TMI and HST. Existing lease offers 2.5 years remaining plus a 5-year renewal option. An exceptional opportunity for an owner-operator or investor looking to acquire an established, multi-revenue business with significant potential. Don't miss out on this rare opportunity! PLEASE DO NOT GO DIRECT. ALL SHOWINGS MUST BE ARRANGED BY APPOINTMENT. DO NOT APPROACH OR SPEAK WITH STAFF OR CUSTOMERS. CONFIDENTIAL SALE. (id:66811)

Financial sandbox

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

Monthly debt service

$1K

Projected NOI

$13K

Annual cash flow

$-367

Cash-on-cash

-0.49%

DSCR

0.97

Going-in cap

5.39%

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

48,126

Households

22,117

Median income

$96,500

Median age

31.7

Daytime population

67,385

5-yr growth

3.7%

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

Secure deal room

Confidential diligence documents for 24-25 - 2425 TRUSCOTT DRIVE, Mississauga (Clarkson).

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.