200 Preston Parkway, Cambridge - Business for Sale
200 Preston Parkway, Cambridge, Ontario, N3H5N1
Description
This is your chance to own a well-established Pizza Depot franchise in a prime, high-traffic location! Strategically situated in the vibrant Preston neighbourhood, just minutes from Highway 401 and Conestoga College, this turnkey operation benefits from excellent visibility, accessibility, strong foot traffic and a loyal customer base. The restaurant is fully equipped with quality chattels and offers Pizza Depot's popular menu of handcrafted pizzas, sides, sandwiches, fries and desserts. The business reports impressive average weekly sales of approximately $13000, with significant potential for further growth. An exceptionally attractive monthly rent of only $3,044.50, inclusive of taxes, maintenance and water, adds tremendous value to this opportunity.Lease term until June 30, 2027, with two additional 5-year extension options. A rare combination of strong sales, low occupancy cost, prime location, established franchise presence and future growth potential. Chattels list to be provided with an offer. Inventory is not included in the purchase price. Ideal for both first-time buyers and experienced operators, the opportunity includes training and transition support to help the new owner get started immediately.Do not miss this excellent turnkey business opportunity! (id:66096)
Property Details
- MLS®
- X13674128
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Commercial
- Bathrooms
- 1
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 83 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 83 days on market, against an average age of 57 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 32 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell close to asking price
Homes in this market sold for an average of 99.8 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This business in Cambridge is available now. Want me to connect you with the agent or keep you posted on any price updates?
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N3H)
This home lists at $399,999, about 4.9× the local median household income of $82,000.
Carrying it typically needs a household income of about $78,134 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $82,000
- Population
- 24,306
- Median age
- 40.8
- Owner / renter
- 62% / 38%
- Avg. household size
- 2.5
Source: Statistics Canada, 2021 Census (FSA N3H)
Book a showing
Pick a time that suits you. A verified local agent confirms within 24h.
Buying this business?
Acquisition financing works differently from a property mortgage. Tell our partner brokers at iShopRates what you are buying and they will come back with options.
Ask about acquisition financing →
$399,999
Cambridge