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$ 399,000
Est. payment | /mo
$ 399,000
Est. payment | /mo
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS® Listing ID 40648019
Originating Board Cornerstone - Waterloo Region
Property Description
An exceptional investment opportunity awaits with a highly-rated Indian restaurant in Waterloo, offering both takeout and dining options. Renowned for its extensive range of flavorful biryanis and hearty curries, this establishment boasts a stellar 4.7-star rating from over 5,000 reviews. It has become a favorite among local diners, including high foot traffic of student population due to its proximity to multiple universities and colleges. The restaurant is also a popular late-night spot. It is also in close proximity of banks, IT companies, including a Google office, grocery stores such as Walmart, FreshCo, Costco, and Sobeys, as well as gas stations, Tim Hortons, and local mall. The business generates revenues exceeding $1 million annually, with earnings surpassing $150,000 per year. In addition to the equipment, chattels, fixtures, and furniture, the acquisition includes meticulously crafted secret recipes for each menu item, ensuring a seamless transition and the continuation of its proven & successful flavors. The new owner has the option to take over the existing restaurant with its established brand name and recipes, with royalty terms to be discussed, or to acquire the business without the brand name and recipes, allowing for a fresh start or rebranding opportunity. (id:24570)
Location
State ON
Exterior
Parking Features No
View Y/N No
Private Pool No
Listed by HOMELIFE MIRACLE REALTY LTD.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "