157 KING Street East, Kitchener - Business for Sale
157 KING Street East, Kitchener, Ontario, N2G2K8
This business in Kitchener is for sale offering roughly 1,500 sq ft of space.
Description
"SUPREME 2 FOR 1 PIZZA" (Non-Franchise Business) IN DOWNTOWN KITCHENER IS A GREAT OPPORTUNITY FOR ANYONE LOOKING TO STEP INTO THE FOOD BUSINESS! THE 2-FOR-1 PIZZA DEAL KEEPS CUSTOMERS COMING BACK, 1,500 SQ.FT. SPACE COMES WITH LOW RENT ($1,850+ HST) TMI AND WATER INCLUDED, MAKING IT AN AFFORDABLE INVESTMENT WITH LOTS OF VACANT SPACE AND BASEMENT AREA FOR ANY ADDITIONS TO BUSINESS. SALES ARE AT A GOOD LEVEL AND THERE'S POTENTIAL TO EXTEND THE TIMINGS ALONG WITH MENU ITEMS TO ATTRACT EVEN MORE CUSTOMERS. APPROX 80,000 RECENT UPGRADES. A WELL-LOCATED, HIGH-POTENTIAL PIZZA STORE THAT'S READY FOR THE RIGHT OWNER TO TAKE IT TO THE NEXT LEVEL! CURRENT. EASY TURN KEY OPERATIONS SELLER TO TRAIN ANY NEW BUYERS. (id:66096)
Property Details
- MLS®
- X13781294
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- D1
- Interior Size
- 1,500 ft²
- Frontage
- 17 ft
- Heating
- Other
- Cooling
- Partially air conditioned
- Listed
- 51 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 51 days on market, against an average age of 53 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 31 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 100.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This business in Kitchener has been listed for 51 days, which is 2 days fresher than the city average of 53. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N2G)
This home lists at $149,900, about 2.4× the local median household income of $62,400.
Carrying it typically needs a household income of about $29,281 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $62,400
- Population
- 14,580
- Median age
- 38
- Owner / renter
- 31% / 69%
- Avg. household size
- 1.8
Source: Statistics Canada, 2021 Census (FSA N2G)
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 →
$149,900
Kitchener