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$355,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS® Listing ID 40647878
Originating Board Cornerstone - Waterloo Region
Property Description
A well-known Mexican franchise is now available in a prime Kitchener location. Positioned in the only major plaza in Doon South, it’s surrounded by residential neighborhoods, condos, and popular retail outlets like Shoppers Drug Mart, Dollarama, Zehr’s, and other well-established brands. This spacious 1,250 sq. ft. unit features a seating capacity of 28 and is a fully turnkey operation—perfect for first-time buyers venturing into entrepreneurship or experienced business owners looking to expand their portfolio. With a steady stream of returning customers, this thriving business offers significant growth potential, especially by obtaining an LLBO license to transform the restaurant into a social hotspot. Lease terms are favorable with a 1+5-year agreement, and gross rent is $5,500/month. The business maintains a food cost of 25%, wages at 16%, and a 6% royalty fee. Don’t miss this fantastic opportunity to own a profitable, well-located business with room for further expansion. (id:24570)
Location
Province ON
Exterior
Parking Features No
Community Features High Traffic Area, Community Centre
View Y/N No
Private Pool No
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Listed by RE/MAX Real Estate Centre Inc.