Business For Sale · Retail

135 RICHMOND STREET, Chatham-Kent (Chatham)

135 RICHMOND STREET, Chatham-Kent (Chatham), ON N7M1P1

$299,000 total

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Asset Class

Retail

Size

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Building class

C

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

93%

About this property

Exceptional opportunity to acquire a thriving, high-performing gourmet pizza franchise in the heart of Chatham! Positioned in a premier, high-visibility plaza with heavy daily foot and vehicle traffic, this location benefits from an established, highly loyal clientele of local families, students, and working professionals. The business yields strong, reliable revenue, boasting consistent weekly sales ranging from $10,000 to $12,000 with impressive profit margins. Operating overhead is remarkably optimized, featuring an unbeatable gross rent of just $2,400 per month (TMI fully included) alongside an industry-leading low 3.5% royalty fee-providing an unparalleled competitive edge in today's food service market. The space itself is modern, professionally designed, and fully equipped for turn-key operation with zero immediate capital expenditure required. Backed by one of Canada's fastest-growing gourmet pizza brands, the franchisor offers complete hands-on training and ongoing operational support to ensure a seamless transition. Perfect for a hands-on owner-operator ready to step into a proven, scalable, and highly profitable model. Don't miss out! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$299K
Down payment30% · $90K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$19K

Annual cash flow

$2K

Cash-on-cash

2.74%

DSCR

1.15

Going-in cap

6.36%

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

118,981

Households

53,307

Median income

$76,000

Median age

42.9

Daytime population

160,101

5-yr growth

7.5%

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

Secure deal room

Confidential diligence documents for 135 RICHMOND STREET, Chatham-Kent (Chatham).

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.