19
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$209,000
Est. payment /mo
Price Dropped by $66K
65 University AVE E Waterloo, ON N2J 2V8
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Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID X10415604
Tax Year 2023
Property Sub-Type Sale Of Business
Property Description
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.
Location
State ON
County Waterloo
Area Waterloo
Zoning Commercial
Interior
Cooling Yes
Exterior
Utilities Available Available
Listed by CENTURY 21 RIGHT TIME REAL ESTATE INC.