Listing Description
One of the oldest and well established location of Fat Bastard Burrito at the Rockwood Mall Plaza in the center of Mississauga for quick sale at a very reasonable price. The current owner has been successfully operating for over 5 years. Lots of walk-in and repeat customers due to the proximity of Rockwood Mall and many commercial and residential buildings at Dixie Rd and Burnhamthrope Rd. INFO PROVIDED BY SELLER: SQ FT 1103, RENT+TIM= $4,024.11, FEES: 8% ROYALTY + 2% MKT. Food Cost About 34%, Labour Cost About 21%, Current Lease is Valid till Feb 2029. Employees: 2 FT & 3 PT, Year 2020 to 2022 annual NET Revenue was about $700K, currently Weekly Sales is around $10,300. About 60% Direct Sales and 40% Third Party Sales (uber, skip, doordash). FRANCHISE TRANSFER FEES: $27,500+HST. The Buyer to verify accuracy of all info provided here in the listing during the due diligence period of the conditional offer.
For more info, contact the listing agent:
NIRAJ PANCHOLI, REALTOR
CENTURY 21 PEOPLE'S CHOICE REALTY INC.
MISSISSAUGA, ON
