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Existing Profitable Waterloo Fast Food Franchise Location For Sale

Waterloo Region, Ontario, Canada
Asking Price:
$359,000 (CAD) Furniture / Fixtures included
Sales Revenue:
$348,678 (CAD)
Cash Flow:
$113,974 (CAD)

Excellent opportunity to step into an existing Waterloo fast food franchise location.

This location is currently owned by a corporation, is performing well and has excellent margins. The current owner is retiring and is now selling their 3 corporate locations in Guelph, Kitchener and Waterloo. Royalties is 1%, which is a great deal for someone to capitalize on low royalties.

$348,678 is the sales and sellers discretionary income, which is $113,974.03 and has a long-term rent.

Opened on January 26th, 2018
Current Rent (Base Rent $3,533.33 + CAM $2,042.83 + HST $724.90) total: $6,301.06
5 Year Lease term ending on November 30, 2027
Year 3, 4, and 5 of lease see an increase from $32/sq foot to $34/sq foot

There is an option to renew for another 5-year term

Price $359k

Inquire for more details

Property Information

Real Estate:

Lease

Lease Terms:

Long term

Location:

Prime Waterloo Location

Business Operation

Expansion Potential:

Excellent opportunity to own several existing corporate store locations that are all profitable.

Competition / Market:

Minimal for this type of food use

Reasons for selling:

Owner is retiring and is currently a corporate store being sold to the right fit franchise partner.

Years established:
2018

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

Long term

Other Information

Support & training:

Excellent support and training and local guidance and transition and is an easy business to run and manage day to day.

Financing available:

Yes can assist with the small business loan and one will need to have around $160k down to qualify