#1 6 Main Street South Street, Perth East (Milverton) - Business for Sale
#1 6 Main Street South Street, Perth East (Milverton), Ontario, N0R1M0
This business in Perth East is for sale offering roughly 650 sq ft of space. It has been on the market 25 days, fresher than the Perth East average of 115 days.
Description
TURNKEY NEW ORLEANS PIZZA | PRIME MAIN STREET LOCATION | ESTABLISHED BUSINESS | GREATOWNER-OPERATOR OPPORTUNITY Excellent opportunity to acquire an established New Orleans Pizza business located at 6 Main Street South, Unit 1, Milverton. Ideally positioned on Main Street with strong visibility and convenient access, this well-established restaurant offers an excellent opportunity for an owner-operator or investor looking to enter the food-service industry or expand an existing portfolio. Benefit from an established brand presence, existing restaurant setup, and a ready-to-operate business, allowing a new owner to focus on growing the operation and serving the local community. Ideal for entrepreneurs seeking a proven concept in a welcoming Perth Eastcommunity.Don't miss this opportunity to take over an established pizza business in the heart of Milverton! Monthly sales : 30-35k, Rent : 1500 including hst and tmi, Food cost :31-35, Labour- 22%, Royalties: 6 %, and 2 % advertising, Utilities: $ 1100 per month. (id:66096)
Property Details
- MLS®
- X13883416
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Commercial
- Interior Size
- 650 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 25 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 25 days on market, against an average age of 115 days across the listings currently for sale in this city
Homes here sell close to asking price
Homes in this market sold for an average of 97.9 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This business in Perth East (Milverton) has been listed for 25 days, which is 90 days fresher than the city average of 115. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N0R)
This home lists at $149,000, about 1.4× the local median household income of $107,000.
Carrying it typically needs a household income of about $29,105 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $107,000
- Population
- 50,203
- Median age
- 43.2
- Owner / renter
- 91% / 9%
- Avg. household size
- 2.7
Source: Statistics Canada, 2021 Census (FSA N0R)
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$149,000
Perth East