Excellent opportunity to purchase an existing cash-flowing Kitchener Sports World fast food location that is cash-flowing.
The owner is retiring, and this location is owned by a corporation, along with the Guelph location and the Waterloo location, which are all 3 corporate stores for sale. There is an opportunity to purchase all 3 locations or 2.
SDE Sellers discretionary income for the upcoming year is $94,567.90, and the price is $300k, which is a three-times multiple.
The royalties is 1% of gross sales, which is a great deal here for someone to step in.
Opened on October 25th, 2015
Current Rent (Minimum Rent $2,621.67 + CAM $1,382.42 + HST $520.53) Total: $4,524.62
5-year Year Lease term ending on August 31, 2025
last year of the lease will see an increase of $1.00 per square foot to $27.00
There is an option to renew for another 5-year term
Inquire for more details and once an NDA is provided, we will release the name of the brand and financials.
