700 Strasburg Road, Kitchener - Business for Sale
700 Strasburg Road, Kitchener, Ontario, N2E2M2
This business in Kitchener is for sale offering roughly 2,410 sq ft of space. It has been on the market 7 days, fresher than the Kitchener average of 53 days.
Description
** PROFITABLE (HIGH VOLUME)& DRIVE- THRU** Rare Opportunity | Approx. $2M+ Annual Sales | Turnkey Mary Brown's Chicken Franchise For Sale - Prime Kitchener Location. Excellent Location! Well-Established, Great Exposure, Famous, And Successful Business Model With Over 300+ Locations Across Canada. Ideally Situated In The Well-Established Forest Glen Shopping Centre At The Busy Strasburg Road And Block Line Road Corridor. This Location Offers Unmatched Exposure And A Steady Stream Of Both Local And Tourist Foot Traffic. Positioned In A Vibrant, High-Density Area With Strong Daytime And Evening Customer Flow. Key Highlights: Prime Location: A Popular Spot Known For Its Signature Fried Chicken, Taters (Seasoned Potato Wedges), And Coleslaw. Financial Performance: Annual Sales: Gross Sales More Than $2M Rent: Approx. $8704.23/Month Including TMI Long Lease: Existing Till 2036 Royalty Fee: 5% Advertising Fee: 4% Store Area: Approx. 2,410 Sq. Ft. Don't Miss This Rare Opportunity To Own A Profitable And Growing Franchise In A Thriving Location! (id:66096)
Property Details
- MLS®
- X14122236
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Commercial
- Interior Size
- 2,410 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 7 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Just listed: 7 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 7 days, which is 46 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 (N2E)
This home lists at $1,125,000, about 12.1× the local median household income of $93,000.
Carrying it typically needs a household income of about $219,752 (20% down, 25-yr amortization, stress-tested) — roughly 136% above the area median.
- Median household income
- $93,000
- Population
- 40,428
- Median age
- 36.4
- Owner / renter
- 66% / 34%
- Avg. household size
- 2.8
Source: Statistics Canada, 2021 Census (FSA N2E)
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$1,125,000
Kitchener