D10.1 - 55 Ontario Street S Milton, Ontario L9T 2M3
$415,000
Great location. Exterior pod location at Milton's major mall in one of Ontario's fastest-growing communities on the western edge of the Greater Toronto Area. Highly visible and Milton's highest traffic location at the intersection of Main and Ontario Streets. The Milton Mall location is the focus of Milton's central business district. This store opened in May 2021 and continues to grow. Short hours Sunday to Thursday 11 am - 10 pm. Friday and Saturday until 11 pm. Labour is only 120 - 125 hours/week. Reasonable rent of less than $3,500/month net with 7 years + 2 x 5-year options remaining. A very popular and in-demand menu. High sales, reasonable rent, low food costs and low labour costs lead to high profitability. Customers love the food. 2 large new condominium buildings are under construction adjacent to the property. If visiting without an appointment, please go as a customer and don't speak to staff. Thank you. **** EXTRAS **** Gross rent of $4,505.58/month (2024) includes TMI + the pylon sign rental of $100/month. Staffed with 1 owner and 4 employees. The Buyer needs to be approved and will be trained and supported by the franchise company (Toronto based). (id:50449)
Business
| Business Type | Restaurant |
| Business Sub Type | Sub shop |
Property Details
| MLS® Number | W6669342 |
| Property Type | Business |
| Community Name | Old Milton |
Building
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Utility Water | Municipal Water |
Land
| Acreage | No |
https://www.realtor.ca/real-estate/25838369/d101-55-ontario-street-s-milton-old-milton
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May 14 2024 03:53:56
Toronto Real Estate Board
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