Sales Representative
Price
$229,000
Bedrooms
Not listed
Bathrooms
Not listed
Size
1600 sqft
Year Built
Not listed
Property Type
Commercial
Property Taxes
$236523
Excellent opportunity to launch your own restaurant brand in a busy plaza with excellent visibility and affordable rent. This is strictly an asset sale and does not include the existing business, franchise, trade name, goodwill or financial history.The approximately 1,600 sq. ft. premises feature a modern restaurant buildout designed for takeout, delivery and dine-in service, with seating for approximately 32 guests. The fully equipped commercial kitchen includes an 8-foot exhaust hood, a 48-inch heavy-duty flat-top grill, two high-efficiency deep fryers, refrigeration equipment, preparation stations and other restaurant chattels. The front area includes dining furniture, a service counter, POS-area fixtures and four digital menu screens. All equipment, fixtures and leasehold improvements are in excellent condition.Gross rent is approximately $5,500 per month, including TMI and property taxes. An ideal turnkey setup for an owner-operator or experienced restaurant professional looking to introduce a new concept without the time and substantial cost of building a restaurant from the ground up.Sale of assets only. The existing business and franchise are not included. Any new restaurant concept, lease assignment and signage are subject to the landlord's approval and all applicable municipal requirements.
Access detailed sale and tax history information
Total Monthly Payment
$20,533 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$183,200
Total Interest Payments
$112,954
Total Payment (Principal + Interest)
$296,154
Estimated Net Proceeds
$68,000
Realtor Fees
$25,000
Total Selling Costs
$32,000
Sale Price
$500,000
Mortgage Balance
$400,000
If you are planning to buy or sell a home, you want the process to go successfully. If you are selling, success means getting your property sold quickly and for the highest price possible. If you are buying, it means finding your next dream home and getting into it, affordably. On top of that, if you are like most of my satisfied customers, you also want everything to go smoothly, with as little stress as possible. How can you ensure all that happens? By working with a real estate agent who truly puts you first. I am proud to be the real estate agent of choice for those who want a great experience buying or selling a home. My “clients-first” approach means that you will be working with a professional who listens to you, provides expert advice, and works hard on your behalf.
