Listing description
selling one of the top locations of fat bastard burritos in Ontario. Current owner had newly built this location and it has been performing excellent since it started in 2018. The store is located in the Queen's University district area. It is also close to schools, hospitals, and a well-established residential community. Other new residential projects are going on in surrounding areas, which certainly will help increase revenue. Info provided by the seller: weekly average sales of about $14,000 for the last 3 years. Sq. Ft. 1225 , gross rent including all $3864 , franchise fees: royalty 8%+ advt 2% , food cost about 34% , labour cost about 23% , lease term 10 years (started in 2018) + option to renew 5 + 5 + 5 , employees 5 ft & 3 pt. During the conditional period of the offer, the buyer must verify the accuracy of all information provided here in this listing.
Excellent opportunity for the new buyer to take over this well performing and profitable store with a potentials to increase even more revenue.
For more info, contact the listing agent:
niraj pancholi, realtor
century 21 people's choice realty inc.
Mississauga, on
