170 DIVISION ST

Price Reduced For Quick Sale. Selling one of the top locations of Fat Bastard Burritos in Ontario. Current owner had newly built this location and it has been performing excellent since it started in 2018. The store located in the Queen's University district area. Also close to Schools, Hospitals and well established Residential community. Other new Residential projects are going on in surrounding areas, which certainly will help increasing more revenue. INFO provided by the Seller: Weekly Sales about $15,000. Average Annual Sales for last 3 years was over $700,000. Store sq. ft. 1225 , Gross Rent including TMI $3864/month , Franchise Fees: Royalty 8%+ Adv. 2% , Food cost about 34% , Labour cost about 23% , Current Lease term 10 yrs (started in 2018) + option to renew for another 5 + 5 + 5 years , Employees 5 FT & 3 PT. Absent Owner, Store runs through the staff from beginning. Excellent opportunity for the new buyer to take over this well performing and profitable store with a potentials to increase even more revenue as owner operator. During the conditional period of the offer, the Buyer to verify the accuracy of all info provided here in this listing. (id:4069)