$289,000
Available - For Sale
Listing ID: X12793294
23 King Street North , Waterloo, N2J 2W6, Waterloo
| Positioned at the prime intersection of King St and Erb St - widely recognized as one of the most desirable commercial corridors in Waterloo - this is a truly turnkey restaurant opportunity ready for immediate operation. The space is fully equipped with brand-new commercial equipment, including a 10-foot hood, two deep fryers, 8-burner stove range, commercial coolers and freezers, 3-compartment sink, stainless steel prep tables, and a professionally built above-ground grease trap. A recently approved LLBO license allows for up to 72 seats, including a patio, offering excellent revenue potential. The dining area is thoughtfully designed with a modern and refined aesthetic, and the business is already operating successfully. Currently home to a well-known and profitable franchise brand, the buyer has the flexibility to either take over the existing franchise and continue its proven model or introduce their own original concept in this high-demand location. The lease is highly attractive, with reasonable rent secured until November 30, 2030, plus a 5-year renewal option - providing long-term stability in one of Waterloo's busiest and most sought-after areas. After touring other available restaurant listings in Waterloo, the value of this fully prepared and income-generating opportunity becomes clear. A rare chance to step into a thriving location with infrastructure, licensing, and momentum already in place - though it may not remain available for long. |
| Price | $289,000 |
| Taxes: | $0.00 |
| Tax Type: | Annual |
| Monthly Condo Fee: | $0 |
| Occupancy: | Tenant |
| Address: | 23 King Street North , Waterloo, N2J 2W6, Waterloo |
| Postal Code: | N2J 2W6 |
| Province/State: | Waterloo |
| Legal Description: | 0 |
| Directions/Cross Streets: | Erb and Bridgeport on King st Uptown Waterloo |
| 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 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 0 | |
| Washroom Type 17 | 0 | |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 |
| Category: | Without Property |
| Use: | Restaurant |
| Building Percentage: | F |
| Total Area: | 2500.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 0 |
| Office/Appartment Area Code: | Sq Ft |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area Code: | Sq Ft |
| Financial Statement: | F |
| Chattels: | T |
| Franchise: | T |
| Days Open: | O |
| Hours Open: | 12:00-1 |
| Employees #: | 8 |
| Seats: | 38 |
| Expenses Actual/Estimated: | $Est |
| Sprinklers: | Yes |
| Washrooms: | 0 |
| Rail: | N |
| Truck Level Shipping Doors #: | 0 |
| Height Feet: | 0 |
| Width Feet: | 0 |
| Double Man Shipping Doors #: | 0 |
| Height Feet: | 0 |
| Width Feet: | 0 |
| Drive-In Level Shipping Doors #: | 0 |
| Height Feet: | 0 |
| Width Feet: | 0 |
| Grade Level Shipping Doors #: | 0 |
| Height Feet: | 0 |
| Width Feet: | 0 |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | Yes |
| Sewers: | None |
$
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Years
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| HOMELIFE FRONTIER REALTY INC. |
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Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184
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At a Glance:
| Type: | Com - Sale Of Business |
| Area: | Waterloo |
| Municipality: | Waterloo |
| Neighbourhood: | Dufferin Grove |
| Fireplace: | N |
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