55 Ontario Street S D10.1, Milton, Ontario

$415,000

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About 55 Ontario Street S D10.1

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.

Features of 55 Ontario Street S D10.1

MLS® # W6669342
Price $415,000
Bathrooms 0.00
Type Commercial Sale
Sub-Type Sale Of Business
Status A

Community Information

Address 55 Ontario Street S D10.1
Area Halton
Subdivision Old Milton
City Milton
Province Ontario
Postal Code L9T 2M3

Amenities

Features 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).
Garages Outside/Surface

Interior

Heating Gas Forced Air Closd
Has Basement No

Exterior

Lot Description 0.00x0.00 Feet

Additional Information

Date Last Updated April 20th, 2024
Zoning Commercial

Listing Details

OfficeFRANMAX INC.

Listing Map

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