Business For Sale · Retail

203 KING STREET W, Chatham-Kent

203 KING STREET W, Chatham-Kent, ON N7M1E6

$149,000 total

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Asset Class

Retail

Size

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Building class

C

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

96%

About this property

Turnkey Pizza restaurant for rebranding opportunity in Chatham. Also an option to run as a Maplecrust Pizza Brand. An excellent opportunity for an operator looking to introduce a new Pizza Brand, Franchise, or independent brand without starting from scratch. The premises feature a full commercial kitchen, walk-in Cooler, freezer, Pizza Oven and many more. Located in a busy Area in Chatham. This business enjoys excellent visibility and steady customer traffic, supported by a strong repeat customer base consisting of families, students, and local professionals. This Pizza Restaurant is offering an attractive opportunity for an owner-operator looking to enter the food service industry or expand an existing portfolio. One of the biggest advantages of this business is its exceptionally low operating overhead. The monthly gross rent is These favorable operating costs provide an excellent foundation for maintaining healthy business margins. The restaurant features a contemporary interior, professional setup, and fully equipped commercial kitchen, allowing the new owner to take over and commence operations without significant additional investment. (id:66811)

Financial sandbox

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Estimate
Purchase price$149K
Down payment30% · $45K
Interest rate6.25%
Amortization25 years
Occupancy96%
Expense growth2.5%

Monthly debt service

$688

Projected NOI

$9K

Annual cash flow

$990

Cash-on-cash

2.21%

DSCR

1.12

Going-in cap

6.21%

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

106,264

Households

46,552

Median income

$124,500

Median age

38.9

Daytime population

151,960

5-yr growth

4.9%

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

Secure deal room

Confidential diligence documents for 203 KING STREET W, Chatham-Kent.

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.