For Sale · Retail

30B - 1601 RIVER ROAD E, Kitchener

30B - 1601 RIVER ROAD E, Kitchener, ON N2A3Y4

$615,000 total

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Asset Class

Retail

Size

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Building class

B

Zoning

CNC — Neighbourhood Commercial

$ / SF

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Occupancy

94%

About this property

PROFITABLE TURNKEY MARY BROWN'S CHICKEN FRANCHISE | 72% DIRECT SALES / 28% THIRD-PARTY SALES (Uber Eat etc.) | PRIME KITCHENER LOCATION! Exceptional opportunity to own a Mary Brown's Chicken restaurant in Kitchener. Situated in the established Shopping Centre, which recently upgraded. This restaurant offers great exposure while serving Kitchener and surrounding communities. Benefit from the strength of a recognized Canadian brand known for its signature fried chicken, Big Mary sandwiches and taters, with a successful business model spanning over 300 locations across Canada. An excellent opportunity for an owner-operator seeking an operating quick-service restaurant backed by an established franchise concept. Restaurant located in a corner unit. Acquire an existing restaurant and build on its local presence in a growing community. Buyer subject to franchisor approval. Please do not approach employees or discuss the sale with staff. All showings by appointment only through the Listing Brokerage. Don't Miss this rare opportunity to own a profitable and growing franchise in a thriving and ever growing city. Priced to SELL! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$615K
Down payment30% · $185K
Interest rate6.25%
Amortization25 years
Occupancy94%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$41K

Annual cash flow

$7K

Cash-on-cash

3.79%

DSCR

1.21

Going-in cap

6.68%

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

134,104

Households

53,626

Median income

$84,500

Median age

44.3

Daytime population

168,434

5-yr growth

0.7%

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

Secure deal room

Confidential diligence documents for 30B - 1601 RIVER ROAD E, Kitchener.

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.