Francine Tracey

604-961-6550

Francine Tracey
Cell:604-961-6550
Office:604-899-9293
Fax:604-899-1293

My Listings

418 E Columbia in New Westminster: Sapperton Business Only for sale

418 E Columbia New Westminster V3L 3W9 : Sapperton

Completed and functional Cafe including Expresso and Gelato banner
$120,000
Prop. Type:
Commercial
Status:
Active
Bus Major:
Cafe
Bus Minor:
Restaurant

Over $250,000 spent on equipment and improvements and everything in like-new condition. This is a beautiful high growth neighbourhood with many young families moving to the area for affordability. The area has recently attracted many young urban professionals as it is serviced by two sky train stations. The business on the street are thriving and supported by the employment base of the Royal Columbian Hospital and Translink head office as well as many family visitors to patients of the hospital. The neighbouhood has many old school traditional and ethnic businesses, and for the new kid in the block provides an opportunity to print money as so many milleniums have moved to the area.

Previous tenant had to quit business due to health issues. Landlord took over with partner to build out a full restaurant to enhance the cafe, however partner had to leave the country. Landlord now looking to sell the assets to recoup some costs. Reasonable lease terms of $5,500 gross lease will be granted.

Equipment list includes;

Over $72,000 spent on cafe equipment including gelato and expresso, plus over $50,000 installation costs.

Over $50,000 spent on exhaust intake an outtake in kitchen area

Over $100,000 spent on plumbing, electrical, drywall, beautiful flooring, three bathrooms including one handicap bathroom.

Seating and tables included.

The kitchen area is ready for your equipment with roughed in plumbing and gas, and fully functional ventilation.

Bring your tasty menu ideas, and create a dining experience at this most desirable location.

Property Type:
Business Only
Major Bus Type:
Cafe
Minor Bus Type:
Restaurant
Listed Date:
Jun 21, 2017
Original Price:
$120,000
Listing information last updated on 22-Jun-2017 4:56 PM
FRANCINE TRACEY