Data was last updated 2023-11-09 at 16:00:22 GMT
$465,000

D10.1 55 Ontario St S   Milton, Ontario

MLS®: W6669342
URL:    
Great location. Exterior pod location at Milton's major mall in one of Ontario's fastest-growing communities on the western edge of the Greater Toronto Area. Highly visible and Milton's highest traffic location at the intersection of Main and Ontario Streets. The Milton Mall location is the focus of Milton's central business district. This store opened in May 2021 & enjoyed net sales of $740,000+ in 2022 and continues to grow. Short hours Sunday to Thursday 11 am - 10 pm. Friday and Saturday until 11 pm. Labour is only 120 - 125 hours/week.  Reasonable rent of less than $3,500/month net with 7 years + 2 x 5-year options remaining. A very popular and in-demand menu. High sales, reasonable rent, low food costs and low labour costs lead to high profitability. Customers love the food.  2 large new condominium buildings are under construction adjacent to the property. If visiting without an appointment, please go as a customer and don't speak to staff. Thank you.
Great location. Exterior pod location at Milton's major mall in one of Ontario's fastest-growing communities on the western edge of the Greater Toronto Area. Highly visible and Milton's highest traffic location at the intersection of Main and Ontario Streets. The Milton Mall location is the focus of Milton's central business district. This store opened in May 2021 & enjoyed net sales of $740,000+ in 2022 and continues to grow. Short hours Sunday to Thursday 11 am - 10 pm. Friday and Saturday until 11 pm. Labour is only 120 - 125 hours/week. Reasonable rent of less than $3,500/month net with 7 years + 2 x 5-year options remaining. A very popular and in-demand menu. High sales, reasonable rent, low food costs and low labour costs lead to high profitability. Customers love the food. 2 large new condominium buildings are under construction adjacent to the property. If visiting without an appointment, please go as a customer and don't speak to staff. Thank you.

Listing Information

Prop. Type:
Sale Of Business
City:
Milton
Status:
Active
MLS® Number:
W6669342
Neighbourhood:
Old Milton
Area:
Halton
Province:
Ontario
Listing Date:
Jul 12, 2023
Listing Price:
$465,000
Taxes:
$12,043
Apartment Number:
D10.1
List Price Code:
For Sale

General Information

Tax Type:
T.M.I.
Lot Code:
Unit
Fin. Statements Available:
Y
Franchise?:
Y
Seats:
10
Possession Terms:
IMM - TBA
Tax Year:
2023

Additional Information

Heating Type:
Gas Forced Air Closd
Chattels:
Y
Basement Description:
N
Extras:
Gross rent of $4,582.30/month includes TMI and als
Garage Type:
Outside/Surface

Financial Information

Employees:
4
Days Open:
7
Hours Open:
Varies

Land Information

Water Service:
Municipal

Other Information

Business Type:
Fast Food/Take Out
Business Name:
Fat Bastard Burrito Co
Property Type:
Without Property
Air Conditioning:
Y
Zoning:
Commercial
Seller Info Statement:
N

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This property is listed by Franmax Inc. and provided here courtesy of WB Group. For more information or to schedule a viewing please contact WB Group.
WB Group
Keller Williams Referred Urban Realty, Brokerage
Phone: 416 651-1777
Mobile Phone: 416 651-1777
Inquire Via Email
The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Toronto Real Estate Board.