221 Glendale Avenue, St. Catharines (Glendale/Glenridge) - Business for Sale
221 Glendale Avenue, St. Catharines (Glendale/Glenridge), Ontario, L2T2K9
This business in St. Catharines is for sale offering roughly 1,137 sq ft of space. It has been on the market 44 days, fresher than the St. Catharines average of 70 days.
Description
Turnkey bubble tea franchise resale in Niagara's premier regional shopping centre. Located in the Pen Centre, Niagara's largest enclosed mall (1.1M+ sq. ft., 180+ stores, daily exposure to a high-volume family and student trade area). This 1,137 sq. ft. inline food service unit is an established, fully built-out location with all equipment, fixtures, leasehold improvements and signage in place - simply step in and operate.The brand is a world-leading international bubble tea concept with 2,500+ locations across 53 countries, backed by strong corporate support, national marketing, proprietary supply chain and ongoing new-product development. Compared with opening a brand-new location (where total investment typically runs $480,000-$680,000 all-in), this resale offers an established trade, trained staff and immediate cash flow at a fraction of the build-out cost.Lease runs to March 2034 with additional renewal options; franchise agreement has two further renewal terms. Ideal for an owner-operator or an existing multi-unit operator looking to add a profitable, high-visibility unit in one of the Niagara Region's strongest retail nodes. Showing by appointment only - please do not approach staff or walk in directly. Buyer covers franchise/lease transfer fee. (id:66096)
Property Details
- MLS®
- X13809312
- Property Type
- Business
- Zoning
- Comercial
- Interior Size
- 1,137 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $33,628.22/yr
- Listed
- 44 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 44 days on market, against an average age of 70 days across the listings currently for sale in this city
This business in St. Catharines (Glendale/Glenridge) has been listed for 44 days, which is 26 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 (L2T)
This home lists at $199,998, about 2.7× the local median household income of $74,500.
Carrying it typically needs a household income of about $39,067 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $74,500
- Population
- 11,401
- Median age
- 42
- Owner / renter
- 67% / 33%
- Avg. household size
- 2.3
Source: Statistics Canada, 2021 Census (FSA L2T)
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$199,998
St. Catharines