#330 305 Norwich Avenue, Woodstock (Woodstock - South) - Business for Sale
#330 305 Norwich Avenue, Woodstock (Woodstock - South), Ontario, N4S3W1
This business in Woodstock is for sale offering roughly 1,300 sq ft of space. It has been on the market 62 days, fresher than the Woodstock average of 75 days.
Description
Profitable Owner-Operated Restaurant Business - Philthy Philly's Woodstock Excellent Opportunity to Own and Operate a Well-Established Philthy Philly's Franchise! An outstanding opportunity to acquire a profitable, owner-operated restaurant business operating under the well-recognized Philthy Philly's brand. This established food-service concept offers an excellent combination of strong brand recognition, an appealing menu, and a proven business model, making it an attractive opportunity for an owner-operator or entrepreneur looking to enter or expand within the food industry. Philthy Philly's brings the authentic taste and flavour of Philadelphia to customers through a menu featuring popular favourites including Philly Cheesesteaks, Philthy Poutinerie, Pulled Pork Sandwiches, and Fresh Salads. Food is prepared fresh to order using quality, top-of-the-line ingredients, including thinly sliced steak and authentic Amoroso's Bakery buns imported from Philadelphia, providing customers with an authentic Philly cheesesteak experience. A great opportunity to take over an established and profitable food business with a strong brand identity and proven customer appeal. Financial information and further details are available to qualified buyers upon request and execution of a confidentiality agreement. Attractive rent of only $3,450/month including TMI, with approximately 3.5 years remaining on the lease plus a 5-year renewal option. Highly competitive fixed royalty of just $500/month, offering excellent cost control and a strong opportunity for an owner-operator. (id:66096)
Property Details
- MLS®
- X13740022
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- C2-1
- Bathrooms
- 1
- Interior Size
- 1,300 ft²
- Frontage
- 25 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 62 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 62 days on market, against an average age of 75 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 97.5 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This business in Woodstock (Woodstock - South) has been listed for 62 days, which is 13 days fresher than the city average of 75. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N4S)
This home lists at $189,900, about 2.4× the local median household income of $78,000.
Carrying it typically needs a household income of about $37,094 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $78,000
- Population
- 33,055
- Median age
- 42.8
- Owner / renter
- 66% / 34%
- Avg. household size
- 2.3
Source: Statistics Canada, 2021 Census (FSA N4S)
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$189,900
Woodstock