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65 University Avenue Image 1

$209,000

$275,000
24.0% dropped

Last price change Apr 23

Nov 8, 2024Sale Of Business For Sale
bedroomsbed
washrooms0bath
MLS - #X10415604

65 University Avenue, Waterloo, ON N2J 2V8

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Average Price
20900000.0%
Higher than average

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Property Description

Property type

Sale Of Business

Lot size

N/A

Style

Approx. Area

N/A

About 65 University Avenue

This Boardwalk Burgers location in Waterloo presents an excellent investment opportunity. Situated close to both universities and Conestoga College, it benefits from steady foot traffic, especially from students and young professionals. The franchise with food costs around 32-34% and labor costs between 22-25%, the business demonstrates efficient cost management, supporting strong profit margins. Its focus on quality serving freshly prepared, never-frozen burger patties in a clean, well-maintained environment enhances the customer experience and fosters repeat business. The 1,308-square-foot store, built with high-quality materials, fire-rated walls, and well-maintained equipment, ensures durability and a welcoming atmosphere with ample seating for high customer volume. Additionally, consistent sales growth, a favorable lease term, and leasehold improvements and equipment valued at over $325,000 further underscore the location's stability and potential.

Home Overview

Last updated

Apr 23

Virtual tour

None

Basement information

Building size

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Status

In-Active

Property sub type

Sale Of Business

Maintenance fee

$N/A

Year built

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Listed by CENTURY 21 RIGHT TIME REAL ESTATE INC.

Additional Details

Basement:N/A
Cooling:Yes
Heating:Gas Forced Air Closed
Parking Features:N/A

MORTGAGE INFO

ESTIMATED PAYMENT

$0 Principal and Interest
$0 Property Taxes

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