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$54,900
$64,900For salePrice drop↓ $10,000 (15%)

75 Macdonell Street, Guelph (Downtown) - Business for Sale

75 Macdonell Street, Guelph (Downtown), Ontario, N1H2Z7

Listed 142 days ago
Overview

This business in Guelph is for sale.

Description

This Family Shawarma (Tangy Tasty) restaurant, the first of its kind in Downtown Guelph, uniquely blends spices and marinading techniques to create wholesome meals and foster strong relationships. The current owners are willing to train and transition the business to a new buyer. However, with Downtown Guelph's current gentrification and ethnic diversification, there's a palpable demand for a "Trinidadian Doubles and Roti restaurant." Local Caribbean food lovers yearn for it, and there's also a huge demand for an affordable Chinese food restaurant offering three-item meals under $15. The restaurant boasts a 10-foot wide range hood venting system, ample space for roti and doubles/paratha preparation, a steamer table, and multiple freezers. All the equipment and recipes are included, so you could be up and running quickly. The rent is affordable. This beloved savoury food destination has been serving the community for nearly 16 years, with a strong, loyal clientele known for its authentic recipes, fresh ingredients, and unmatched taste. Ideally located near nightlife hotspots, office towers, student pubs, the main transit hub, the River Run Centre, and the upcoming Conestoga College downtown campus, this restaurant offers unbeatable exposure and constant foot traffic. It's a perfect turnkey investment. (id:66096)

Property Details

MLS®
X13444196
Property Type
Business
Business Type
Restaurant
Zoning
C3
Frontage
96 ft
Heating
Other
Cooling
None
Property Tax
$624/yr
Listed
142 days ago

Features

Appliances
Oven, Microwave, Freezer

Services

Water
Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market
142d
Guelph (Downtown) listings, avg age
68d
List price
$55K

Long Listed: 142 days on market, against an average age of 68 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 38 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This business in Guelph (Downtown) is available now. Want me to connect you with the agent or keep you posted on any price updates?

Listed by Coldwell Banker Neumann Real Estate · JOHN LEACOCK

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N1H)

This home lists at $54,900, about 0.7× the local median household income of $77,000.

Carrying it typically needs a household income of about $10,724 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income
$77,000
Population
42,178
Median age
41.2
Owner / renter
54% / 46%
Avg. household size
2.3

Source: Statistics Canada, 2021 Census (FSA N1H)

$54,900
For sale

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Financing

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$54,900

Guelph

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