Gastown Retail Business - Prime Placement

Undisclosed Address, Vancouver, BC V6B 1B8
Business Opportunity for Sale
Catylist Listing ID: 30283732
Property Subtypes: Retail Stores
Building Size (RSF): 1,273 SF
Sale Price: $199,000
Name of Establishment: Confidential
Gross Revenue: $800,000 (Annual)
Cash Flow: $80,000 (Annual)
Cash Flow Type: EBITDA
Sale Terms: Asset Sale
Last Updated: 9/20/2018

Overview / Comments

Well-established and profitable ($80K+ EBITDA) street level retail business on Water St. in Gastown for sale. May be suitable for immigration qualifications. Could be converted to cafe or other retail uses. Located in Vancouver's downtown business district with parking and Waterfront Skytrain + Seabus + West Coast Express all just steps away. Vancouver's Trade and Convention Centre + Cruise Ship landing also nearby, while a wide choice of restaurants, shops and financial institutions are in the neighbourhood. Current lease good until 2021 with 2 X 5 year renewals, no demolition clause, approx $10K all-in rent per month. Outstanding placement in the downtown core with heavy all-day foot/tourist traffic and outstanding visibility.

Attachments & Media

Additional Details

Industry Segment: Independent Stores
Reason for Selling: Downsizing.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Seller Financing Description: Will consider.

Contact

Photograph of Listing Agent

Steve Da Cruz | CCIM

Personal Real Estate Corporation
RE/MAX Commercial Advantage Commercial First Member
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