1-2B - 9570 Mccowan Rd, Markham MLS Number: N9271964
Berczy, Markham, York, ON, L3P 8M1$259,000
Status: For Sale
- Property Type: Commercial (Sale Of Business)
- Property Taxes : $1000.00 (Tax Year:2023)
- Listing Courtesy : Real One Realty Inc.
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$259,000
Status: For Sale
This well-established fast food restaurant in Markham has been operating successfully for ten years. Located at the corner of McCowan Rd and Bur Oak Ave in a busy plaza with ample parking, it has built a strong reputation within the community and enjoys a loyal customer base. The 1,765 square foot space features 60 seats, 2 restrooms, and a fully equipped commercial kitchen with an 8-foot hood. Offering dine-in, takeout, and delivery services, the restaurant is open 7 days a week from 11 AM to 9 PM. With average monthly sales of approximately $54,500 before taxes and a monthly rent of around $9,200 (including TMI, water, and garbage), a new lease with the landlord will be required. The current franchise agreement with the chain, which began five years ago, has five years remaining and an option for renewal. The franchise agreement is flexible, allowing for conversion to any other type of restaurant. This profitable business provides substantial returns beyond the owner's salary. The sales are evenly split between drinks and meals, and the head office supplies semi-finished ingredients, making operations simple and efficient. The business is well-suited for young individuals, couples, or families. This is an excellent opportunity to acquire a profitable restaurant in a prime Markham location.
Price | : $259,000 |
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Property Taxes | :$1000.00 |
Tax Year | :2023 |
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Cross Street | :Bur Oak Ave & McCowan Rd |
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Fireplace/Stove | :No |
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28 Aug, 2024
TREB #N9271964
Available
$259000.0