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4540 Hastings Street E in Burnaby: Capitol Hill BN Home for sale (Burnaby North) : MLS(r) # V4019417

4540 Hastings Street E Burnaby V5C 2K4 : Capitol Hill BN

Main Photo: 4540 Hastings Street E in Burnaby: Capitol Hill BN Home for sale (Burnaby North)  : MLS(r) # V4019417banner
$98,000
Prop. Type:
Business (Com)
MLS® Num:
V4019417
Status:
Sold
Be your own boss. This location has been used for selling flowers, grocery, fruit market for close to half a century (45 yrs). Located in the busy Hastings Street (very close to Willingdon), this shop has been completely renovated recently. The walk-in cooler gives the possibility to sell flowers in the shop. Additionally, this shop has been set up to be used as a fruit market store too. Recently, the owner has managed to secure a 50 seat restaurant license for this location which can substantially increase the potential of generating even more income from the same location. Leasehold improvement and equipment are estimated to be worth well over $70,000 which include walk-in coolers, shelving, light fixtures, computer, cashier, and lots of other equipment. The average value of the inventory at any given time is estimated to be around $20,000. This 1800 SQFT shop comes with 5 year lease + 5 year option. Gross rent is $2,775. The average daily sales is $500 per day.
Price:
$98,000
Property Type:
Business (Com)
MLS® Num:
V4019417
Status:
Sold
Listing information last updated on 7-Jul-2012 11:46 AM
Ali Asi