#8A 150 UNIVERSITY Avenue West, Waterloo - Business for Sale
#8A 150 UNIVERSITY Avenue West, Waterloo, Ontario, N2L3E4
This business in Waterloo is for sale. It has been on the market 63 days, fresher than the Waterloo average of 67 days.
Description
An excellent opportunity to acquire an established Japanese ramen restaurant in a highly desirable Waterloo location. Conveniently situated near the University of Waterloo and surrounded by a large population of students, young professionals and local residents, this business benefits from a strong and diverse customer base. The restaurant specializes in Japanese-style Ramen, Donburi and popular Japanese appetizers, offering a variety of rich and flavorful soup bases, signature ramen bowls. The business offers a turnkey restaurant operation, with an established brand presence, functional kitchen setup and an existing customer base. Its location provides excellent accessibility and strong exposure to the surrounding residential, student and commercial communities. Highlights: Prime location in Waterloo Close to the University of Waterloo Strong student and young professional demographic Established Japanese ramen concept Popular Ramen, Japanese appetizers Existing customer base and established operation Turnkey opportunity for an owner-operator or investor Excellent potential for continued growth and expansion A great opportunity for anyone looking to own an established Japanese restaurant in one of Waterloo's most dynamic and sought-after areas. (id:66096)
Property Details
- MLS®
- 40859978
- Property Type
- Business
- Basement
- None
- Listed
- 63 days ago
Market Timing
Long Listed: 63 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.
This business in Waterloo has been listed for 63 days, which is 4 days fresher than the city average of 67. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N2L)
This home lists at $179,900, about 2.6× the local median household income of $69,500.
Carrying it typically needs a household income of about $35,141 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $69,500
- Population
- 37,953
- Median age
- 29.8
- Owner / renter
- 37% / 63%
- Avg. household size
- 2.2
Source: Statistics Canada, 2021 Census (FSA N2L)
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$179,900
Waterloo