102-646 Erb Street West, Waterloo | Image 1

102-646 Erb Street West

Waterloo

  • Commercial

$277,000
For Sale

Added 1 month ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Restaurant

  • Zoning: C3-40

  • Age: No Data

  • MLS®#: X8123758

  • Days on Site: 30 Days

  • Added: Mar 07, 2024 (1 month ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: LEEDWAY REALTY INC.

Flame Indian Cuisine and Meat shop continues to be a successful "take out" business in Waterloo for last 15 years and has built a loyal customer base. The business gets tremendous exposure being located in a busy retail plaza close to the Boardwalk, Costco and other retail/commercial outlets. The business attracts new repeat customers being surrounded by residential neighborhoods, old and developing. Pl note: 1. currently operating 6 days/week; 2. the business permit allows for 14 seat indoor dining as well. A great opportunity, thus exists for further growth and generating greater revenue. Current lease is till Dec 2026 with 2 X 5 year options. Next 5 year term rent already negotiated. Total space is 1237 square feet. Monthly rent is $6,460.23 including net rent, TMI and HST. Water is included in the rent. The sale includes all the fixtures, equipment including the new 20 ft hood as well as ample sized walk-in cooler with roof top compressor system. Wheel chair accessible bathroom.

Extras

The sale includes all the fixtures, equipment including the new 20 ft hood as well as ample sized walk-in cooler with roof top compressor system. Wheel chair accessible bathroom. Monthly rent is $6,460.23 including net rent, TMI and HST.

Property

  • Status: Sale

  • Type: Restaurant

  • Property Type: Sale Of Business

  • Property Type: Without Property

  • Area: Waterloo

  • Availability Date: Immediate

Inside

  • Bathrooms: 1

  • Air Conditioning: Y

  • Washrooms: 1

Utilities

  • Utilities: Yes

Building

  • Basement: N

  • Heat Type: Gas Forced Air Closd

  • Energy Certificate: N

  • Freestanding: N

  • Water Supply: Municipal

  • Physically Handicapped-Equipped: Y

Parking

  • Garage Type: Outside/Surface

Fees

  • Tax Year: 2023

  • Tax Legal Description: PT LT GERMAN COMPANY TRACT CITY OF WATERLOO PT 3 58R6478 EXCEPT

  • Taxes Type: N/A

Land

  • Cross Street: Erb St And Ira Needl

  • Municipality District: Waterloo

  • Zoning: C3-40

Commercial Specific

  • Number of Employees: 1

  • Sprinklers: Y

  • Total Area: 1237

  • Total Area Metric: Sq Ft

  • Hours Open: 11Am-8P

  • Area Influence: Public Transit

  • Days Open: 6

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Unit

  • Seats: 14

  • Business/Building Name: Flame Indian Cuisine And Meat Shop

  • Financial Statement: N

  • LLBO: N

Map of 102-646 Erb Street West, Waterloo
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B11F0-650-688 Erb Street West, Waterloo | MLS: X8254684
For Sale
2 weeks ago
$249,900
  • 0 bath
  • 0 bed

B11F0-650-688 Erb Street West, Waterloo, Ontario • N2T 2Z7 • Waterloo