$400,000
Available - For Sale
Listing ID: X9348243
675 Rymal Rd East , Unit 81-4, Hamilton, L8W 1B5, Ontario
| Very busy full restaurant in Hamilton with a 15ft hood, walk-in cooler, fully equipped, one washroom, 2nd washroom rough in, and storage rooms. There are 1500 high school students within 800 meters of the restaurant. Very busy with high school students, online orders & walk-ins. Evenings are further busier on school games days. Located in a retail plaza with No Frills, pharmacy, dentist and surrounded by houses and businesses. Large catering orders by nearby schools staff & car dealerships. Annual revenue of $700K. About 1300 SF space. Rent is $5275 plus HST. Current lease is in 6th year. So 3 years remains + 2 five years extension possibility. Landlord approval is required. This is the sale of this business location only. Staff is willing to staff. Do not discuss with staff. |
| Price | $400,000 |
| Minimum Rental Term: | 48 |
| Maximum Rental Term: | 168 |
| Taxes: | $1452.52 |
| Tax Type: | T.M.I. |
| Occupancy by: | Tenant |
| Address: | 675 Rymal Rd East , Unit 81-4, Hamilton, L8W 1B5, Ontario |
| Apt/Unit: | 81-4 |
| Postal Code: | L8W 1B5 |
| Province/State: | Ontario |
| Legal Description: | PT LT 8 CON 8, BARTON AS IN CD421343 AND |
| Directions/Cross Streets: | Rymal Rd E& Upper Sherman |
| Category: | Without Property |
| Use: | Restaurant |
| Total Area: | 1300.00 |
| Total Area Code: | Sq Ft |
| Office/Appartment Area: | 10 |
| Office/Appartment Area Code: | % |
| Industrial Area: | 30 |
| Office/Appartment Area Code: | % |
| Retail Area: | 60 |
| Retail Area Code: | % |
| Area Influences: | Public Transit Rec Centre |
| Approximatly Age: | 6-15 |
| Financial Statement: | N |
| Chattels: | Y |
| Franchise: | N |
| Days Open: | 7 |
| Hours Open: | 11am-9p |
| Employees #: | 5 |
| Seats: | 21 |
| LLBO: | N |
| Insurance Expense: | $300 |
| Management Expense: | 400 |
| Heat Expenses: | $200 |
| Hydro Expense: | $400 |
| Other Expenses: | $200 |
| Gross Income/Sales: | $700000 |
| Operating Expenses: | $15000 |
| Net Income Before Debt: | $25000 |
| Expenses Actual/Estimated: | $Act |
| Sprinklers: | Y |
| Crane: | N |
| Soil Test: | N |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Y |
| Elevator Lift: | None |
| Sewers: | San Avail |
| Water: | Municipal |
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Years
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX REAL ESTATE CENTRE INC. |
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|
Malik Ashfaque
Sales Representative
Dir:
416-629-2234
Bus:
905-270-2000
Fax:
905-270-0047
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Sale Of Business |
| Area: | Hamilton |
| Municipality: | Hamilton |
| Neighbourhood: | Hamilton Beach |
| Approximate Age: | 6-15 |
| Tax: | $1,452.52 |
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