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Business For Sale · Retail

646 ERB ST STREET W, Waterloo

646 ERB ST STREET W, Waterloo, ON N2T0A8

$149,888 total

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Asset Class

Retail

Size

—

Building class

B

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

87%

Lot Size

1426 ac

About this property

*****Ghost Kitchen Asset Sale & Lease Takeover***** Excellent opportunity to acquire a fully equipped restaurant through an asset sale in a busy commercial plaza in Waterloo. The premises are approximately 1,426 sq ft and feature a full commercial kitchen with hood ventilation, cooking equipment, refrigeration, prep stations and leasehold improvements already in place. Ideal for restaurant, takeout, ghost kitchen or delivery based food concepts. Located in a high traffic area with strong surrounding residential density and convenient access for customers and delivery services. Asset sale only. Real estate not included. Financial statements are not available as this is strictly an asset sale. Buyer to assume existing lease subject to landlord approval (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$150K
Down payment30% · $45K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$692

Projected NOI

$7K

Annual cash flow

$-2K

Cash-on-cash

-3.41%

DSCR

0.82

Going-in cap

4.52%

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

71,513

Households

29,459

Median income

$83,500

Median age

45.9

Daytime population

69,741

5-yr growth

3.3%

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

Secure deal room

Confidential diligence documents for 646 ERB ST STREET W, Waterloo.

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.