#101 420 Main Street, Cambridge - Business for Sale
#101 420 Main Street, Cambridge, Ontario, N1R8N9
Description
Rare Opportunity To Acquire An Exceptional, Fully Turnkey Sunset Grill Franchise With High Volume Sales, Long Lease, Low Overheads & High Net Take Home Income, In One Of Cambridge's Fastest-Growing Commercial Corridors. Just About 4 Years Old Restaurant Opened In 2022, Located Within A Modern Retail Plaza. This Beautifully Designed Restaurant With A Beautiful 32 Seats Patio, Showcases Premium Leasehold Improvements, A Stylish Contemporary Interior, A Spacious And Inviting 96 Seats Dining Room, And A Fully Equipped Commercial Kitchen, Ideally Positioned On A High-Visibility Corner With Outstanding Exposure, Excellent Signage, Abundant On-Site Parking, And Consistent Traffic Generated By Surrounding Residential Communities, Schools, Major Employers, And Key Transportation Routes. Backed By One Of Canada's Most Recognized And Trusted All-Day Breakfast And Lunch Brands, This Business Benefits From Proven Operating Systems, Strong Customer Loyalty, And Exceptional Brand Recognition. An Outstanding Opportunity For an Owner-Operator, Experienced Restaurateurs, Or Investors Seeking A Premium Hospitality Business With Significant Growth Potential In A Thriving, High-Demand Market. (id:66096)
Property Details
- MLS®
- X13501464
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Commercial
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 128 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 128 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.
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Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N1R)
This home lists at $649,000, about 8.4× the local median household income of $77,000.
Carrying it typically needs a household income of about $126,772 (20% down, 25-yr amortization, stress-tested) — roughly 65% above the area median.
- Median household income
- $77,000
- Population
- 42,928
- Median age
- 40.8
- Owner / renter
- 59% / 41%
- Avg. household size
- 2.5
Source: Statistics Canada, 2021 Census (FSA N1R)
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$649,000
Cambridge