Business For Sale · Specialty

221 GLENDALE AVENUE, St. Catharines (Glendale/Glenridge)

221 GLENDALE AVENUE, St. Catharines (Glendale/Glenridge), ON L2T2K9

$289,000 total

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Asset Class

Specialty

Size

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Building class

C

Zoning

US — Urban Services

$ / SF

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Occupancy

87%

About this property

Turnkey bubble tea franchise resale in Niagara's premier regional shopping centre. Located in the Pen Centre, Niagara's largest enclosed mall (1.1M+ sq. ft., 180+ stores, daily exposure to a high-volume family and student trade area). This 1,137 sq. ft. inline food service unit is an established, fully built-out location with all equipment, fixtures, leasehold improvements and signage in place - simply step in and operate.The brand is a world-leading international bubble tea concept with 2,500+ locations across 53 countries, backed by strong corporate support, national marketing, proprietary supply chain and ongoing new-product development. Compared with opening a brand-new location (where total investment typically runs $480,000-$680,000 all-in), this resale offers an established trade, trained staff and immediate cash flow at a fraction of the build-out cost.Lease runs to March 2034 with additional renewal options; franchise agreement has two further renewal terms. Ideal for an owner-operator or an existing multi-unit operator looking to add a profitable, high-visibility unit in one of the Niagara Region's strongest retail nodes. Showing by appointment only - please do not approach staff or walk in directly. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$289K
Down payment30% · $87K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$15K

Annual cash flow

$-617

Cash-on-cash

-0.71%

DSCR

0.96

Going-in cap

5.33%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

98,964

Households

44,543

Median income

$81,000

Median age

44.1

Daytime population

91,303

5-yr growth

8%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 221 GLENDALE AVENUE, St. Catharines (Glendale/Glenridge).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.