56 Davis Drive, Newmarket (Central Newmarket) - Business for Sale
56 Davis Drive, Newmarket (Central Newmarket), Ontario, L3Y2M7
This business in Newmarket is for sale offering roughly 1,500 sq ft of space. It has been on the market 22 days, fresher than the Newmarket average of 70 days.
Description
Great Opportunity to Own a Philthy Philly's Fast Food Restaurant In the Heart Of the Newmarket, Ideal Opportunity For A Person Who Wants To Be Own Boss with attractive net profit Established business located in the busy plaza of Central Newmarket. *Philthy Philly* franchise with over 40 stores across Ontario and growing. Great Signage, Exposure, And Traffic Count is limitless as plaza is anchored by No Frills, Baskin Robin, Goodlife Fitness, SDM and many major banners. Fully Equipped Kitchen & Very Easy To Run. Lots Of Potentials To Grow. Monthly Revenue between $65 to 70K, Very low Rent : $5085 (incl. TMI, HST & Water), Utilities : Apx. $1200, Proven Food Cost is 30%, Franchise Royalty $500/Mthly. An attractive net profit after all expense. (id:66096)
Property Details
- MLS®
- N14082834
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Commercial
- Bathrooms
- 2
- Interior Size
- 1,500 ft²
- Frontage
- 17 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 22 days ago
Services
- Water
- Municipal water
- Sewer
- Storm sewer
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 22 days on market, against an average age of 70 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 30 days on the market over the past year, against a median of 48 days across the markets we publish.
This business in Newmarket (Central Newmarket) has been listed for 22 days, which is 48 days fresher than the city average of 70. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (L3Y)
This home lists at $549,900, about 5.9× the local median household income of $93,000.
Carrying it typically needs a household income of about $107,415 (20% down, 25-yr amortization, stress-tested) — roughly 15% above the area median.
- Median household income
- $93,000
- Population
- 43,556
- Median age
- 45.6
- Owner / renter
- 68% / 32%
- Avg. household size
- 2.5
Source: Statistics Canada, 2021 Census (FSA L3Y)
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$549,900
Newmarket