An opportunity to open a new OPA! of Greece franchise at Heartland Towne Centre, one of Mississauga’s established retail destinations.
The proposed restaurant will occupy a prominent street-front unit that was previously a burrito restaurant. The approximately 1,339 sq. ft. premises are surrounded by major retailers and restaurants, including Costco, Best Buy, Walmart, Winners, Canadian Tire, McDonald’s, Sephora, Dollarama and GoodLife Fitness.
OPA! is an established quick-service restaurant brand serving Greek-inspired dishes, including pita wraps, souvlaki, calamari, Greek fries, salads and other freshly prepared meals. The franchise network has more than 120 locations across North America and reported system-wide sales of approximately $83.4 million in 2023.
- Asking Price:
- $360,335 (CAD)
- Sales Revenue:
- Undisclosed
- Cash Flow:
- Undisclosed
Property Information
- Real Estate:
-
Lease
- Location:
-
Heartland Towne Centre, 6045 Mavis Road, Mississauga, Ontario: The Heartland location benefits from a substantial residential and daytime population:
79,760 residents within three kilometres
210,553 residents within five kilometres
812,631 residents within ten kilometres
Daytime population of 274,048 within five kilometres
Average household income of approximately $140,946 within five kilometres
Median population age of approximately 37
According to the information provided, Heartland Town Centre recorded more monthly foot traffic in 2024 than Square One Shopping Centre and Toronto Premium Outlets.
- Premises Details:
-
Approximately 1,339 sq. ft.
Base rent, years 1–3: CAD $57.00 per sq. ft.
Base rent, years 4–6: CAD $60.00 per sq. ft.
Base rent, years 7–10: CAD $63.00 per sq. ft.
Estimated additional costs: CAD $23.50 per sq. ft.
Tenant allowance: CAD $20.00 per sq. ft.
Lease term: 10 years
Renewal options: Two additional five-year terms
Fixturing period: 135 days
Estimated possession date: October 1, 2026
Free-rent period: None
Franchise Information
- Franchise opportunity:
-
Franchise Resale
- Franchise terms:
-
The successful franchisee will receive four weeks of comprehensive training covering food service and restaurant management. OPA!’s construction specialists will also provide support throughout the development process and leading up to the grand opening.
The franchisor has experience assisting franchisees with financing through the Canadian Small Business Financing Program, subject to lender approval and eligibility.
