New property listed in Capitol Hill BN, Burnaby North

I have listed a new property at 4540 Hastings Street E in Burnaby.
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.
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