Business For Sale · Retail

120 ST ANDREW STREET W, Centre Wellington (Fergus)

120 ST ANDREW STREET W, Centre Wellington (Fergus), ON N1M1N5

$174,900 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

86%

About this property

An exceptional opportunity to own a beautifully renovated, fully equipped restaurant in one of Ontario's most charming and rapidly growing communities. Perfectly positioned in the heart of historic Fergus, this turnkey establishment offers the ideal blend of modern upgrades, character, and unlimited potential. Occupying approximately 1,850 square feet, the restaurant offers a well-designed layout that comfortably accommodates both front-of-house dining and an efficient commercial kitchen. Tastefully renovated and updated in 2023, the space has been thoughtfully designed forefficiency and guest experience. The commercial kitchen features a professionally installedhood ventilation system, beer draft system, dedicated prep and dishwashing areas, office space,and all the infrastructure needed to begin operating immediately.One of the property's standout features is the garage door, allowing the dining room to openonto the street during the warmer months and creating an inviting indoor-outdoor atmospherethat guests love. The building is also equipped with both air conditioning and forced-airheating for year-round comfort.The restaurant includes a liquor licence for up to 100 guests, with the licence available totransfer to the new owner (subject to AGCO approval). A seasonal sidewalk patio is alsoavailable, subject to continued municipal approval, providing additional seating and a vibrantstreet presence throughout the summer months.Downstairs offers valuable additional space that can be customized for private dining, events,overflow seating, storage, catering operations, or future expansion.Located just minutes from the world-renowned Elora Gorge and the picturesque village of Elora,Fergus attracts thousands of visitors throughout the year for its festivals, outdoorrecreation, boutique shopping, and thriving culinary scene. With a strong local customer baseand steady tourism traffic, this location presents an outstanding opportunity for restaurants. (id:66811)

Financial sandbox

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Estimate
Purchase price$175K
Down payment30% · $52K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$808

Projected NOI

$8K

Annual cash flow

$-1K

Cash-on-cash

-2.47%

DSCR

0.87

Going-in cap

4.80%

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

67,899

Households

25,145

Median income

$119,500

Median age

32.8

Daytime population

59,005

5-yr growth

4.6%

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

Secure deal room

Confidential diligence documents for 120 ST ANDREW STREET W, Centre Wellington (Fergus).

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.