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Type: Commercial/Retail
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Property Type: Commercial
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Business Type: Hospitality/Food Related
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Zoning: C4
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Age: No Data
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Taxes: 1003.52
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MLS®#: X9253116
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Added: Aug 13, 2024 (4 months ago)
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Updated:
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Last Checked: 2 hours ago
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Listed By: IPRO REALTY LTD.
Fantastic Opportunity for Franchised Mediterranean Restaurant with prime location Location offers great opportunity inside the food court of Lime ridge mall, Hamilton's busiest mall. Stable with easy operation, ideal for first-time buyers. Training : Provided by Head office. Foot Traffic: High due to busting mall environment, ensuring a steady flow of potential customers. Financial Terms: low rent and a long term lease provide stability & favorable terms for potential buyers. Cost: Labour cost Approx.21%, Food cost 34%, Utilities approx. $350(for Gas) Other utilities included in the Rent, Royalty & Adverting6%+3% Rent - $12812 per month including TMI Lease Term - 4 years + 5 years option to renew. This opportunity offers a lucrative chance for business growth and profitability in a prime location.
Property
Status: Sale
Type: Hospitality/Food Related
Property Type: Commercial/Retail
Property Type: Retail
Area: Hamilton
Community: Thorner
Availability Date: Flexible
Inside
Air Conditioning: Y
Utilities
Utilities: Yes
Building
Heat Type: Elec Forced Air
Freestanding: N
Water Supply: Municipal
Parking
Garage Type: None
Fees
Tax Year: 2023
Taxes: $1,004
Expenses: Act
Taxes Type: T.M.I.
Tax Year: 2024
Land
Cross Street: Upper Wenworth and M
Municipality District: Hamilton
Zoning: C4
Commercial Specific
Number of Employees: 3
Retail Area: 346
Retail Area Metric: Sq Ft
Sprinklers: N
Total Area: 524
Total Area Metric: Sq Ft
Hours Open: M-F 10-
Area Influence: Major Highway
Area Influence: Public Transit
Days Open: 7
Franchise: Y
Tangible Property Included: Y
Lot Code: Unit
Seats: 25
Business/Building Name: VILLA MADINA MEDITERRIAN CUISINE Lime
Financial Statement: Y
Gross Income/Sales: 710000
Estimated Inventory Value: 20000
LLBO: N
Lincoln Alexander Public School
Elementary: PublicOur Lady of Lourdes Catholic Elementary School
Elementary: CatholicSt. Teresa of Calcutta Catholic Elementary School
Elementary: CatholicFranklin Road Elementary Public School
Elementary: PublicPauline Johnson Public School
Elementary: PublicLawfield Elementary School
Elementary: PublicVincent Massey/James Street
Secondary: PublicÉSAC Mère-Teresa
Secondary: CatholicSt. Charles Catholic Adult Secondary School
Secondary: CatholicNora Henderson Secondary School
Secondary: PublicCathedral High School
Secondary: CatholicSt. Jean de Brebeuf Catholic Secondary School
Secondary: Catholic
