Homula Realty Brokerage
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

Address withheld at the seller’s request

Sale Of Business
$2,650,000

**Turnkey Opportunity: Highly Profitable Established Multi-Division Food and Hospitality Company for Sale**Confidential opportunity to acquire 100% of an established operating corporation with three complementary business divisions: a full-service licensed restaurant, a dedicated commercial kitchen and private event space, and an established catering operation.The company benefits from multiple revenue streams, a loyal base of repeat private, corporate and institutional clientele, and confirmed future bookings. The operation includes an extensive inventory of commercial-grade restaurant, kitchen, catering and event equipment, including equipment and improvements added during the current ownership. Together, the divisions provide an integrated operating platform with established clientele, infrastructure and revenue-generating capacity.The business is cash-flow positive and is being offered as a corporate share sale, subject to the final structure agreed upon by the parties and their respective legal and accounting advisors.The existing liquor sales licence forms part of the current operation. Any continued use or transfer following a sale is subject to applicable AGCO requirements and approval. Perfect for an experienced restauranteur or expanding hospitality group looking for a premium opportunity.

MLS number
E13559128
Type
Sale Of Business
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
Withheld
Photos
1
62days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

The seller withheld the addressNo map, nearby schools or school boundaries are shown, because all of them would reveal roughly where the property is.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 600 people.

$72,500Median household income
55.6%Own their home
11.3%Detached houses
38Median age
23.5%Born outside Canada
8.1%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35180248 — the few blocks around this address, home to 600 people. It describes the area, not this property.

600Population
40.1Average age
2.2Household size
$83,000Average household income
$72,500Median household income
56%Own their home
44%Rent
26%Condominiums
24%Born outside Canada
8%University degree
$560,000Average home value
10%Low income
36%Not in the labour force
31%Never married
$15,000 to $19,9993%
$20,000 to $24,9993%
$25,000 to $29,9993%
$30,000 to $34,9993%
$35,000 to $39,9993%
$40,000 to $44,9994%
$45,000 to $49,9994%
$50,000 to $59,9997%
$60,000 to $69,9996%
$70,000 to $79,9997%
$80,000 to $89,9994%
$90,000 to $99,9994%
$100,000 and over23%
$100,000 to $124,99910%
$125,000 to $149,9997%
$150,000 to $199,9994%
$200,000 and over3%

Percentages are of the 345 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$530,000 · minimum here is $530,000
$11,733.63per month
Borrowed before insurance$2,120,000
Total borrowed$2,120,000
Interest over 25 years at 4.5%$1,400,088

If you rented it out

-$11,733.63per month out of pocket
Rent$0.00
Everything it costs to hold$11,733.63
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by REVEL REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.