$149,000
Available - For Sale
Listing ID: X12610330
116 St Paul Street , St. Catharines, L2R 3M2, Niagara
| U Need A Pita is a popular Canadian franchise with multiple locations in the Niagara Region, known forits large menu featuring pitas, burgers, wraps, poutines, and more. This downtown St. Catharines location on St. Paul Street sits in the heart of the downtown core with excellent foot traffic and plenty of parking options on both sides of the street. Buyers also have the flexibility to rebrand to a different concept, cuisine, or franchise if they prefer not to continue with the current brand. The unit is equipped with a 25-ft commercial hood system, two walk-ins (1 + 1), and a full complement of equipment. There is one additional parking space at the rear of the unit for ownership. The space includes seating for 25 and has a history of solid, consistent sales. The lease is $3,250 gross including TMI, with 4 + 5 years remaining. Full training is provided pending franchisor approval, and royalties are 4.5% + 1.5%. Please do not go direct or speak to staff or ownership. |
| Price | $149,000 |
| Taxes: | $0.00 |
| Tax Type: | TMI |
| Occupancy: | Tenant |
| Address: | 116 St Paul Street , St. Catharines, L2R 3M2, Niagara |
| Postal Code: | L2R 3M2 |
| Province/State: | Niagara |
| Legal Description: | LT 35-36 CP PL 2 GRANTHAM; ST. CATHARINE |
| Directions/Cross Streets: | St Paul & Queen St |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Without Property |
| Use: | Restaurant |
| Building Percentage: | F |
| Total Area: | 1500.00 |
| Total Area Code: | Square Feet |
| Retail Area Code: | Sq Ft |
| Area Influences: | Public Transit Recreation/Comm |
| Business/Building Name: | U Need A Pita |
| Financial Statement: | F |
| Chattels: | T |
| Franchise: | T |
| Days Open: | O |
| Hours Open: | 11-1 |
| Employees #: | 5 |
| Seats: | 25 |
| Sprinklers: | No |
| Washrooms: | 2 |
| Outside Storage: | F |
| Rail: | N |
| Soil Test: | No |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | Yes |
| Sewers: | Sanitary+Storm |
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| ROYAL LEPAGE SIGNATURE REALTY |
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Bus:
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At a Glance:
| Type: | Com - Sale Of Business |
| Area: | Niagara |
| Municipality: | St. Catharines |
| Neighbourhood: | 451 - Downtown |
| Baths: | 2 |
| Fireplace: | N |
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