$277,000 FOR SALE

Business for Sale

Restaurant

Total Area: 1,237 ft2

646 Erb St W #102
Waterloo, ON N2J 3Z4

Flame Indian Cuisine and Meat shop continues to be a successful "take out" business in Waterloo for last 15 years and has built a loyal customer base. The business gets tremendous exposure being located in a busy retail plaza close to the Boardwalk, Costco and other retail/commercial outlets. The business attracts new repeat customers being surrounded by residential neighborhoods, old and developing. Pl note: 1. currently operating 6 days/week; 2. the business permit allows for 14 seat indoor dining as well. A great opportunity, thus exists for further growth and generating greater revenue. Current lease is till Dec 2026 with 2 X 5 year options. Next 5 year term rent already negotiated. Total space is 1237 square feet. Monthly rent is $6,460.23 including net rent, TMI and HST. Water is included in the rent. The sale includes all the fixtures, equipment including the new 20 ft hood as well as ample sized walk-in cooler with roof top compressor system. Wheel chair accessible bathroom.

Extras
The sale includes all the fixtures, equipment including the new 20 ft hood as well as ample sized walk-in cooler with roof top compressor system. Wheel chair accessible bathroom. Monthly rent is $6,460.23 including net rent, TMI and HST.

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Listed By LEEDWAY REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8123758
Last Updated Mar 18, 2024
Property Summary
Property Type Business For Sale

More like this:
Use Restaurant
Franchise Non-Franchise
Business/Building Name Flame Indian Cuisine And Meat Shop
Category Without Property
Legal Description PT LT GERMAN COMPANY TRACT CITY OF WATERLOO PT 3 58R6478 EXCEPT PT 17 58R14437, Waterloo
Occupancy Tenant
Possession Date Immediate
Directions/Cross Streets Erb St And Ira Needle Blvd
Area Waterloo
Price History
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Detailed Information
Freestanding N
Bathrooms 1
Total Area 1,237 ft2
Air Conditioning Y
Basement N
Chattels Y
Garage Type Outside/Surface
Days Open 6
Hours Open 11Am-8P
LLBO N
Employees 1
Heat Type Gas Forced Air Closd
Financial Statement N
Area Influences Public Transit
Seats 14
Sprinklers Y
Utilities Y
Water Municipal
Lot/Bldg/Unit Code Unit
Zoning C3-40
Seller Property Info Statement N

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