501 Towerhill Road, Peterborough | Image 1

501 Towerhill Road

Peterborough, Downtown

  • Commercial

$587,000
For Sale

Added 6 months ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Restaurant

  • Zoning: C

  • Age: No Data

  • MLS®#: X8434568

  • Days on Site: 180 Days

  • Added: Jun 12, 2024 (6 months ago)

  • Updated:

  • Last Checked: 1 hour ago

  • Listed By: TFG REALTY LTD.

This business, under family ownership since 2009, is a prime opportunity poised for immediate profitability. Situated in a bustling plaza in a burgeoning neighborhood, it has weathered economic challenges, proving its resilience. With indoor and outdoor seating, including a stellar patio, attracting a diverse crowd. Securing the lease until 2030 with favorable terms adds to its appeal, with the flexibility to adjust the menu and pricing.It's a thrilling prospect waiting for the right investor to seize. The seller is committed to facilitating a seamless transition, offering training to ensure buyers hit the ground running and a fully trained staff allowing new ownership to turn key and start profiting. Extensive updates have been made, with all equipment owned and in excellent condition, valued at over $150,000 and some still under warranty. Low rent and franchise fees further sweeten the deal. Ample parking and easy accessibility enhance its appeal, while the meticulously organized and clean environment, along with well-trained staff, ensure a top-notch experience for regular and repeat customers. Recent replacements of HVAC and major equipment, coupled with high-end security systems, underscore the business's commitment to quality and safety.

Extras

Presenting a rare chance to acquire a turnkey Wild Wing franchise nestled in a prime location. This thriving business is not just successful; it's a testament to organization, strategic placement, and unwavering appeal.

Property

  • Status: Sale

  • Type: Restaurant

  • Property Type: Sale Of Business

  • Property Type: Without Property

  • Area: Peterborough

  • Community: Downtown

  • Availability Date: Flexible

Inside

  • Bathrooms: 3

  • Air Conditioning: Y

  • Washrooms: 3

Building

  • Basement: N

  • Heat Type: Gas Forced Air Open

  • Energy Certificate: N

  • Green Verification Status: N

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2024

  • Taxes Type: Annual

Land

  • Cross Street: Towerhill/ Chemong

  • Municipality District: Peterborough

  • Zoning: C

Commercial Specific

  • Number of Employees: 10

  • Retail Area: 1400

  • Retail Area Metric: Sq Ft

  • Total Area: 2552

  • Total Area Metric: Sq Ft

  • Hours Open: 12-12

  • Industrial Area Size: 1000

  • Industrial Area Metric: Sq Ft

  • Office Size: 152

  • Office Size Metric: Sq Ft

  • Area Influence: Major Highway

  • Area Influence: Public Transit

  • Days Open: V

  • Franchise: Y

  • Tangible Property Included: Y

  • Lot Code: Building

  • Seats: 140

  • Financial Statement: Y

  • LLBO: Y

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For Sale
3 months ago
$575,000
  • 0 bath
  • 0 bed

369 George Street North, Peterborough, Ontario • K9H 3R2 • Downtown