#300B 600 Laurelwood Drive, Waterloo - Business for Sale
#300B 600 Laurelwood Drive, Waterloo, Ontario, N2V0A2
This business in Waterloo is for sale offering roughly 1,110 sq ft of space.
Description
Sale of a successful BarBurrito franchise in a prime high-traffic plaza! Property boasts of a tastefully completed modern kitchen, stylish dining area, premium leasehold improvements with high open ceilings and abundant Natural Light. Plaza with ample parking & National tenants: Shoppers Drug Mart, Dollarama, Food basics, DQ, Subway, Kumon and many more. Across Laurel Heights High School enabling high lunch and evening traffic. Perfect for first-time business owners, families, new immigrants, or experienced investors seeking a reliable, cash-flow. To increase revenue, buyer can also get a halal certification done for the store.Currently operated by trained staff, Absentee Owner, location has option to obtain LLBO lic. Lease Term 10-year + Two 5-year renewal options. Low Gross Rental: 3,696 per month approx. Franchise royalty fees 6% + 1.25% Marketing. (id:66096)
Property Details
- MLS®
- X13684774
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Commercial
- Interior Size
- 1,110 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 78 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 78 days on market, against an average age of 67 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 35 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.
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Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N2V)
This home lists at $249,000, about 2.0× the local median household income of $126,000.
Carrying it typically needs a household income of about $48,638 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $126,000
- Population
- 19,428
- Median age
- 38
- Owner / renter
- 86% / 14%
- Avg. household size
- 3.1
Source: Statistics Canada, 2021 Census (FSA N2V)
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$249,000
Waterloo