D10.1-55 Ontario Street South, Milton | Image 1

D10.1-55 Ontario Street South

Milton, Old Milton

  • Commercial

$415,000
For Sale

Added 9 months ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Fast Food/Take Out

  • Zoning: Commercial

  • Age: No Data

  • Taxes: 12459.96

  • MLS®#: W6669342

  • Days on Site: 267 Days

  • Added: Jul 12, 2023 (9 months ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: FRANMAX INC.

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).

Property

  • Status: Sale

  • Type: Fast Food/Take Out

  • Property Type: Sale Of Business

  • Property Type: Without Property

  • Area: Milton

  • Community: Old Milton

  • Availability Date: IMM - TBA

Inside

  • Air Conditioning: Y

Building

  • Basement: N

  • Heat Type: Gas Forced Air Closd

  • Water Supply: Municipal

Parking

  • Garage Type: Outside/Surface

Fees

  • Tax Year: 2024

  • Taxes: $12,460

  • Taxes Type: T.M.I.

Land

  • Cross Street: Milton Mall

  • Municipality District: Milton

  • Zoning: Commercial

Commercial Specific

  • Number of Employees: 4

  • Hours Open: Varies

  • Days Open: 7

  • Franchise: Y

  • Tangible Property Included: Y

  • Lot Code: Unit

  • Seats: 10

  • Business/Building Name: Fat Bastard Burrito Co

  • Financial Statement: Y

  • LLBO: N

4-8

E C Drury/Trillium Demonstration School

Elementary: Provincial
0.83 km
JK-8

Ernest C Drury School for the Deaf

Elementary: Provincial
0.75 km
JK-5

J M Denyes Public School

Elementary: Public
0.95 km
JK-8

Holy Rosary Separate School

Elementary: Catholic
0.83 km
JK-6

ÉÉC Saint-Nicolas

Elementary: Catholic
1.18 km
JK-5

Robert Baldwin Public School

Elementary: Public
0.94 km
Pre-Grade 9-12

E C Drury/Trillium Demonstration School

Secondary: Provincial
0.83 km
9-12

Ernest C Drury School for the Deaf

Secondary: Provincial
0.75 km
9-12

Gary Allan High School - Milton

Secondary: Public
0.55 km
9-12

Milton District High School

Secondary: Public
1.42 km
9-12

Jean Vanier Catholic Secondary School

Secondary: Catholic
3.67 km
9-12

Bishop Paul Francis Reding Secondary School

Secondary: Catholic
1.74 km
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