Business For Sale · Specialty

738 BURLOAK Drive Unit# 1, Burlington

738 BURLOAK Drive Unit# 1, Burlington, ON L7L0B1

$299,000 total

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Asset Class

Specialty

Size

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Building class

B

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

91%

About this property

Great Opportunity To Own A Well-established Franchise Restaurant In A Prime Burlington Location! This Thriving Business Is Strategically Located In A Busy, High-traffic Plaza Surrounded By Residential Neighborhoods, And other major Amenities offering Excellent Exposure And Walk-in Traffic. The Restaurant Features A Fully Equipped, Modern Kitchen with Approximately two 6 ft Hoods, walk-in cooler and High-quality Appliances. Rent $10508.90including HST , SQ FT Approximately 1953 sq ft , Royalty 6%, , Remaining lease 10 years And Minimal Overhead Make This An Extremely Attractive And Sustainable Business. Ample Parking And Great Signage Visibility Contribute To Ongoing Customer Growth And Retention. The Business Benefits From A Loyal Customer Base, Positive Word-of-mouth, Strong Franchise support, And Growing Demand In The Area. Full Training And Transitional Support Will Be Provided To Ensure A Smooth Handover To The New Owner. Whether You're An Experienced Restaurateur Or A Motivated Entrepreneur, This Is A Rare Chance To Take Ownership Of A Successful Food Operation In One Of Burlington Most Desirable Commercial Areas. Can be converted into another Brand. Don't Miss Out opportunities Like This Are Rare! Call listing agent to book your showings. (id:66811)

Financial sandbox

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Estimate
Purchase price$299K
Down payment30% · $90K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$17K

Annual cash flow

$804

Cash-on-cash

0.90%

DSCR

1.05

Going-in cap

5.81%

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

60,952

Households

25,721

Median income

$110,000

Median age

31.9

Daytime population

56,219

5-yr growth

4.1%

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

Secure deal room

Confidential diligence documents for 738 BURLOAK Drive Unit# 1, Burlington.

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.