#4 570 Kingston Road, Pickering (Woodlands) - Business for Sale
#4 570 Kingston Road, Pickering (Woodlands), Ontario, L1V1A6
This business in Pickering is for sale offering roughly 1,500 sq ft of space. It has been on the market 16 days, fresher than the Pickering average of 59 days.
Description
Popular WILD WING location in Pickering, Ontario with provable excellent cash flow. Generating profitable net income. Great Location In Very Busy plaza. Present Owner did many upgrades including New TVs. Provable Sales Of 500K with Lots of opportunities To Grow More. Enjoy great cash flow! 40 Seats To Fit The Guests. A handsome take home profit With a huge potential to grow. Minimal staff to mange and the store has an excellent layout. Excellent ratios in terms of food cost, labor cost and food added with alcohol sales. Easy to Operate. Turnkey Operation. Ideally Situated At The High-Traffic Intersection of Whites and Kingston Rd. Surrounded By Popular Restaurants, Cafes, Shops. Offering Excellent Visibility And Consistent Customer Flow. Unbeatable Location Absentee Owner, LLBO License Offering Liquor, Option To Add Patio License. A Popular Destination For A Wide Variety Of Chicken Wings And Sauces Strong Financial Performance Annual Sales Off 500K. Very Reasonable Rent of $8,696/Month Inc. of HST,TMI and water. Royalty Fee: 4.5% on net payout Advertising Fee: 2%. Potential to be repurposed if buyer wishes to run a different business, (Termination fee may apply ). Seller will be happy to train (id:66096)
Property Details
- MLS®
- E14093768
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Commercial
- Interior Size
- 1,500 ft²
- Heating
- Coil Fan
- Cooling
- Fully air conditioned
- Property Tax
- $2,571.53/yr
- Listed
- 16 days ago
Features
- Appliances
- Oven, Freezer
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Active: 16 days on market, against an average age of 59 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.
Homes here sell close to asking price
Homes in this market sold for an average of 98.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This business in Pickering (Woodlands) has been listed for 16 days, which is 43 days fresher than the city average of 59. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (L1V)
This home lists at $119,000, about 1.0× the local median household income of $118,000.
Carrying it typically needs a household income of about $23,245 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $118,000
- Population
- 52,787
- Median age
- 42
- Owner / renter
- 86% / 14%
- Avg. household size
- 2.9
Source: Statistics Canada, 2021 Census (FSA L1V)
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$119,000
Pickering