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55 S Ontario St , D10.1

Milton, ON L9T 2M3
  • $415,000
  • STATUS: Active
  • ON SITE: 275 Days
  • ID#: W6669342
$415,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighbourhood:
Type:
Commercial
County:
Area:

School Ratings & Info

Description

Great location. Exterior pod location at Milton's major mall in one of Ontario's fastest-growing communities on the western edge of the Greater Toronto Area. Highly visible and Milton's highest traffic location at the intersection of Main and Ontario Streets. The Milton Mall location is the focus of Milton's central business district. This store opened in May 2021 and continues to grow. Short hours Sunday to Thursday 11 am - 10 pm. Friday and Saturday until 11 pm. Labour is only 120 - 125 hours/week. Reasonable rent of less than $3,500/month net with 7 years + 2 x 5-year options remaining. A very popular and in-demand menu. High sales, reasonable rent, low food costs and low labour costs lead to high profitability. Customers love the food. 2 large new condominium buildings are under construction adjacent to the property. If visiting without an appointment, please go as a customer and don't speak to staff. Thank you.

Extras: Gross rent of $4,505.58/month (2024) includes TMI + the pylon sign rental of $100/month. Staffed with 1 owner and 4 employees. The Buyer needs to be approved and will be trained and supported by the franchise company (Toronto based).

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Listing information © 2024 Toronto Real Estate Board. Information is deemed reliable but is not guaranteed accurate by TREB or SAVI Real Estate Group | Re/Max Escarpment Realty. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Date last updated: 2024-04-03T21:44:20.01.
www.savirealestategroup.ca/homes/141541688
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55 S Ontario St , D10.1 Milton, ON L9T 2M3

  • Price: $415,000
  • Status: Active
  • On Site: 275 Days
  • ID#: W6669342
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighbourhood:
Old Milton
County:
Ontario
Area:
Milton
Property Description
Great location. Exterior pod location at Milton's major mall in one of Ontario's fastest-growing communities on the western edge of the Greater Toronto Area. Highly visible and Milton's highest traffic location at the intersection of Main and Ontario Streets. The Milton Mall location is the focus of Milton's central business district. This store opened in May 2021 and continues to grow. Short hours Sunday to Thursday 11 am - 10 pm. Friday and Saturday until 11 pm. Labour is only 120 - 125 hours/week. Reasonable rent of less than $3,500/month net with 7 years + 2 x 5-year options remaining. A very popular and in-demand menu. High sales, reasonable rent, low food costs and low labour costs lead to high profitability. Customers love the food. 2 large new condominium buildings are under construction adjacent to the property. If visiting without an appointment, please go as a customer and don't speak to staff. Thank you.

Extras: Gross rent of $4,505.58/month (2024) includes TMI + the pylon sign rental of $100/month. Staffed with 1 owner and 4 employees. The Buyer needs to be approved and will be trained and supported by the franchise company (Toronto based).
Exterior Features

Garage Type Outside/Surface Lot Depth 0.00 Lot Front 0.00 Lot Size Code Feet

Interior Features

Air Conditioning Y Basement N Heat Type Gas Forced Air Closd Seats 10

Property Features

Business Building Name Fat Bastard Burrito Co Category Without Property Chattels Yes Commercial Type Sale Of Business Cross Streets Milton Mall Days Open 7 Employees 4 Financial Statement Yes Franchise Yes Hours Open Varies List Price Type For Sale LLBO No Lot Code Unit Occupancy Owner Sale Or Lease Sale Seller Property Info Statement No Tax Year 2024 Taxes 12459.96 Taxes Type T.M.I. Use Fast Food/Take Out Water Municipal Zoning Commercial

Listing courtesy of FRANMAX INC..
Listing information © 2024 Toronto Real Estate Board. Information is deemed reliable but is not guaranteed accurate by TREB or SAVI Real Estate Group | Re/Max Escarpment Realty. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Date last updated: 2024-04-03T21:44:20.01.
 
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SAVI Real Estate Group | Re/Max Escarpment Realty
860 Queenston Road
Stoney Creek ON, L8G 4A8