Business For Sale · Retail

9 CLAPPTERTON STREET, Barrie (City Centre)

9 CLAPPTERTON STREET, Barrie (City Centre), ON L4M3E4

$69,999 total

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Asset Class

Retail

Size

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Building class

B

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

82%

About this property

Excellent opportunity to acquire a turnkey food-service business in ahighly visible and well-positioned location with strong streetexposure, pedestrian traffic, convenient access to parking and stepsaway from Lake Simcoe.The premises offer an attractive lease rate of $1,398.38 per month,inclusive of TMI, plus $72 per month for garbage. The business can beoperated independently under a new name, converted to another permitteduse, or the purchaser may have the opportunity to assume the existingfranchise.The sale includes an extensive inventory of commercial equipment,providing a well-equipped setup for continued food-service operations,including: 2 Nordic Air refrigerators 1 Monster beverage refrigerator 1 Frigidaire commercial standing refrigerator 2 Danby chest freezers 2 True North salad stations/refrigerators with cutting boards 1 True North standing freezer 4 Frymaster commercial deep fryers 1 Omcan conveyor oven Commercial range hood and hood fan 1 True North beverage refrigerator 3 commercial sinks 1 stainless steel double prep sink 1 stainless steel single prep sink 2 commercial prep tables 3 TVs Camera and alarm system 4 steel shelving units MicrowaveA well-equipped opportunity with a highly attractive lease andexcellent potential for an owner-operator or entrepreneur. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$70K
Down payment30% · $21K
Interest rate6.25%
Amortization25 years
Occupancy82%
Expense growth2.5%

Monthly debt service

$323

Projected NOI

$4K

Annual cash flow

$-118

Cash-on-cash

-0.56%

DSCR

0.97

Going-in cap

5.37%

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

99,812

Households

45,420

Median income

$101,500

Median age

45

Daytime population

91,743

5-yr growth

8.2%

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

Secure deal room

Confidential diligence documents for 9 CLAPPTERTON STREET, Barrie (City Centre).

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.