1335 Simcoe Street North, Oshawa (Centennial) - Business for Sale
1335 Simcoe Street North, Oshawa (Centennial), Ontario, L1G4X1
This business in Oshawa is for sale offering roughly 1,202 sq ft of space.
Description
Excellent opportunity to own a well-established and fully operating Double Double Pizza & Chicken franchise in a high-demand Oshawa location at Simcoe St N & Taunton Rd E. This successful business is located in a busy retail plaza surrounded by residential communities, schools, college campuses, and commercial businesses. Strong school and corporate clientele provide consistent sales and repeat customers.Approximately 1,202 sq. ft. with very low rent of only $2,925/month including TMI plus HST. Current lease in place until October 2029 with two additional 5-year renewal options available. Monthly sales average approximately $25,000-$30,000. Weekly school orders average approximately $1,800-$2,000, with additional corporate and retail customer sales from nearby businesses and plaza traffic.Business operates under the recognized Double Double Pizza & Chicken franchise and will continue as the same franchise. Existing seating for 4 customers. Open 7 days a week with extended late-night hours. Utilities average approximately $950/month. The store holds a clean Durham Region Green Pass Certificate. No hot water rental contracts. LLBO not currently in place, however there is strong potential for the new buyer to apply for liquor licensing, creating additional growth opportunities.Franchise transfer fee is applicable, with the Seller and Buyer each responsible to pay $12,500 + HST.Reason for sale is lack of time to manage due to ownership of another business. Immediate possession available. Great turnkey opportunity for owner-operators, families, or investors looking to step into a growing franchise business with established customer base and future potential. (id:66096)
Property Details
- MLS®
- E13606200
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- PSC-A
- Bathrooms
- 2
- Interior Size
- 1,202 ft²
- Frontage
- 80 ft
- Building Area
- 1,202 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 102 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 102 days on market, against an average age of 54 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 29 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 99.2 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This business in Oshawa (Centennial) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (L1G)
This home lists at $99,000, about 1.3× the local median household income of $75,500.
Carrying it typically needs a household income of about $19,338 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $75,500
- Population
- 43,497
- Median age
- 43.2
- Owner / renter
- 56% / 44%
- Avg. household size
- 2.3
Source: Statistics Canada, 2021 Census (FSA L1G)
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 →No similar listings for sale right now.
$99,000
Oshawa