$465,000 FOR SALE

Franchise Business for Sale

Fast Food/Take Out


2023 Taxes: $12,042.6

55 Ontario St S #D10.1
Milton, ON L9T 2M3 | Old Milton | Halton

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 & enjoyed net sales of $740,000+ in 2022 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 $4,582.30/month includes TMI and also 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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Listed By FRANMAX INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number W6669342
Last Updated Nov 09, 2023
Property Summary
Property Type Business For Sale

More like this:
Use Fast Food/Take Out
Franchise Franchise
Business/Building Name Fat Bastard Burrito Co
Category Without Property
Occupancy Owner
Possession Date IMM - TBA
Taxes (2023) $12,042.6
Tax Type T.M.I.
Directions/Cross Streets Milton Mall
Neighbourhood Old Milton
Area Halton
Price History
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Detailed Information
Air Conditioning Y
Basement N
Chattels Y
Garage Type Outside/Surface
Days Open 7
Hours Open Varies
LLBO N
Employees 4
Heat Type Gas Forced Air Closd
Financial Statement Y
Seats 10
Water Municipal
Lot/Bldg/Unit Code Unit
Zoning Commercial
Seller Property Info Statement N

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