$399,000
( )
 $2,142 est/mo Sourced by Back At You

280 Lester Street , Waterloo, ON N2L 3W5

Waterloo, ON N2L 3W5

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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.

Details

MLS#40648019
Listing TypeFor Sale
StyleCommercial
Sub-TypeResale
StatusActive
Days On Site53
Listing Provided ByHOMELIFE MIRACLE REALTY LTD. | Dhaval Mukesh Shah

Features

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 46 seconds ago
ProvinceON
CountyWaterloo
CityWaterloo
Postal CodeN2L 3W5
Listing VS Median (in N2L 3W5)
Price:
$399,000
low | high
Med:
$427,000
42.982456140351% of Average
On Site:
53
low | high
Med:
101.500000
52.216748768473% of Average
Sourced by Back At You
Listing Updated: September 18, 2024 at 9:33:19 AM PDT