580 Hespeler Unit B2
580 Hespeler Unit B2 photo 2
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+10 more
$575,000

580 Hespeler Unit B2

Cambridge, Ontario, N1R2J8

Active
1,165
Sq Ft

About This Property

This business in Cambridge offers 1,165 sq ft of living space. The home features forced air, natural gas heating, fully air conditioned.

MLS Remarks

Unique opportunity to own a well-established, money-making City Pizza franchise is now up for grabs in a prime location in the heart of Cambridge, Ontario. This is not just another pizza shop it's store with impressive sales and a loyal customer base. Store has high weekly Sales volume of approximately Average $16,000 a week and further opportunity to grow the sales. The strong revenue stream from day one means you're investing in a proven business model with healthy cash flow. The restaurant benefits from a central location and the current owner has built a strong base of repeat customers over the years. Attracting a steady flow of local residents and business clients, ensuring steady walk-in customers and brand visibility. Regular orders come from nearby local businesses and institutions including car dealerships, factories, schools, and even the local hospital. The business is also integrated with Uber Eats, DoorDash, Skip The Dishes. These bulk and repeat orders are a testament to the store's excellent reputation and service. When you take over, you'll inherit loyal customers who already love the product, providing you with reliable income from day one. Enjoy a low monthly rent of $3,976.78 (TMI and HST included), which keeps overhead costs down and boosts your profit margin. The business operates in a leased premises with approx 4 years remaining on the lease, plus an option to renew for 5 years. This turn-key pizza business is the opportunity for you. Don't miss this chance to take over a proven operation and make it your own! (id:60351)

Overview

Property Typeresidential
Sub-Typebusiness
StatusActive
MLS #X12644142

Interior

HeatingForced air, Natural gas
CoolingFully air conditioned

Fees & Taxes

Annual Taxes$1,167.91

Listing Information

MLS#: X12644142


Information is deemed reliable but not guaranteed. Data provided by the Canadian Real Estate Association (CREA) through the Data Distribution Facility (DDF). Listing data is updated regularly but may not reflect the most current information. All information should be independently verified.

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Mortgage Calculator

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$115,000
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Estimated Monthly Payment
$2,557
/month
Mortgage
$460,000
Total Interest
$307,049

For illustration purposes only. Consult a mortgage professional for accurate rates.

Land Transfer Tax

$
Ontario LTT$7,975
Total Due on Closing$7,975

Estimate based on Ontario LTT rates. Consult your lawyer for exact amounts.

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