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$269,000
Available - For Sale
Listing ID: X11963909
Own A Thriving Mucho Burrito Franchise In Downtown Hamilton! This Is A Fantastic Opportunity To Own A Fully Equipped Canadian Fast-Casual Mexican Restaurant Franchise (Mucho Burrito) That Specializes In Made-To-Order Burritos, Tacos, Quesadillas, And Other Tex-Mex-Inspired Dishes. Located In A Prime Downtown Hamilton Location On King St. E. And John St. S., This Restaurant Benefits From High Foot Traffic And Excellent Street Exposure. This Location Offers Dine-In, Take-Out, Catering Services, And Delivery Through Uber Eats And SkipTheDishes, Providing Multiple Revenue Streams. The Kitchen Is Fully Equipped With Commercial-Grade Appliances, Including A 6-Inch Hood. All Equipment Was Purchased Brand New In 2021 And Is Fully Owned. The Restaurant Was Fully Renovated Before Occupancy, With Significant Investments Made In Leasehold Improvements. A Security System With Cameras Is Also In Place For Added Protection. The Space Is 1,250 Sq. Ft. With Seating For 27 Guests. A Long-Term Lease Is Available, Ensuring Business Stability. Enjoy A Low Monthly Rent Of $5,650, Including TMI And HST. The existing lease has seven (7) years remaining on its term, with two (2) renewal options of five (5) years each, Making This An Attractive Investment Opportunity. This Turnkey Operation Is Ideal For Entrepreneurs Looking To Step Into A Ready-To-Operate Business With Excellent Growth Potential.
Price $269,000
Taxes: $15,525
Tax Type: T.M.I.
Occupancy by: Tenant
Address: 110 King St E , Hamilton, L8N 1A8, Ontario
Postal Code: L8N 1A8
Province/State: Ontario
Legal Description: WSCP 602 Level 1 Unit 1
Directions/Cross Streets: King St. E. and John St. S.
Zoning: Commercial
Category: Without Property
Use: Restaurant
Retail Area: 1250
Retail Area Code: Sq Ft
Financial Statement: Y
Chattels: Y
Franchise: Y
Hours Open: 13
Employees #: 3
Seats: 27
LLBO: N
Heat Type: Elec Forced Air
Central Air Conditioning: Y
Water: Municipal
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EXP REALTY

110 King St E , Hamilton, L8N 1A8, Ontario


 
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At a Glance:
Type: Com - Sale Of Business
Area: Hamilton
Municipality: Hamilton
Neighbourhood: Beasley
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Tax: $15,525
Maintenance Fee: $0
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