170 Division St Kingston, Ontario K7L 3M8
$399,000
Price Reduced For Quick Sale. 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 located in the Queen's University district area. Also close to Schools, Hospitals and well established Residential community. Other new Residential projects are going on in surrounding areas, which certainly will help increasing more revenue. INFO provided by the Seller: Weekly Sales about $15,000. Average Annual Sales for last 3 years was over $700,000. Store sq. ft. 1225 , Gross Rent including TMI $3864/month , Franchise Fees: Royalty 8%+ Adv. 2% , Food cost about 34% , Labour cost about 23% , Current Lease term 10 yrs (started in 2018) + option to renew for another 5 + 5 + 5 years , Employees 5 FT & 3 PT. Absent Owner, Store runs through the staff from beginning. Excellent opportunity for the new buyer to take over this well performing and profitable store with a potentials to increase even more revenue as owner operator. During the conditional period of the offer, the Buyer to verify the accuracy of all info provided here in this listing. (id:58073)
Business
| Business Type | Restaurant |
| Business Sub Type | Fast foods |
Property Details
| MLS® Number | X8253834 |
| Property Type | Business |
| Amenities Near By | Highway, Public Transit |
Building
| Bathroom Total | 1 |
| Cooling Type | Fully Air Conditioned |
| Size Interior | 1225 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Highway, Public Transit |
https://www.realtor.ca/real-estate/26779340/170-division-st-kingston
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April 20 2024 03:29:46
Toronto Real Estate Board
Century 21 People's Choice Realty Inc.