Courtesy of Timothy Baker of Re/Max Real Estate

    #113 8701 94 ST

    Fort Saskatchewan, AB T8L 4P7
    • $175,000
    • STATUS: Active
    • ID#: E4131451
    UPDATED: 30 min ago
    $175,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,302
      SQFT
    • $134
      $/SQFT
    Neighbourhood:
    Type:
    Business Opportunity

    Description

    Extreme Pita is a turn key business ready to walk in and run your very own business, with the corporate training. This store is in the top 5 stores in Canada. The current owner draws a $60,000 annual wage. They currently operate with 2 part time staff. Buyer to pay inventory on day of possession(approximately $5,000 to $6,000). The seller is including the $20,000 transfer and training fee in the purchase price. Lease space is 1302 sq ft. The lease cost is $26.00 per sq ft plus common area costs at $10.00 sq ft. The Franchisor is doing a renovation that will cost $60,000 which is also included in the purchase price. Monthly rent is $3,950. Lease is till November 2019, Landlord is willing to enter into additional 5 year term plus 2 more 5 year terms for approved buyer. Royalty is 6% Marketing is 3% to the Franchisor. This business has a 15% gross margin.

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    © 2019 REALTORS® Association of Edmonton. All Rights Reserved. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.. Data last updated: 2019-01-16T12:36:36.58.
    Mortgage Calculator is provided by BoomTown.
    www.muveteam.com/homes/88161464

    #113 8701 94 ST Fort Saskatchewan, AB T8L 4P7

    • Price: $175,000
    • Status: Active
    • Updated: 30 min ago
    • ID#: E4131451
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1,302
    SQFT
    $134
    $/SQFT
    Neighbourhood:
    None
    Area:
    Fort Saskatchewan
    Property Description
    Extreme Pita is a turn key business ready to walk in and run your very own business, with the corporate training. This store is in the top 5 stores in Canada. The current owner draws a $60,000 annual wage. They currently operate with 2 part time staff. Buyer to pay inventory on day of possession(approximately $5,000 to $6,000). The seller is including the $20,000 transfer and training fee in the purchase price. Lease space is 1302 sq ft. The lease cost is $26.00 per sq ft plus common area costs at $10.00 sq ft. The Franchisor is doing a renovation that will cost $60,000 which is also included in the purchase price. Monthly rent is $3,950. Lease is till November 2019, Landlord is willing to enter into additional 5 year term plus 2 more 5 year terms for approved buyer. Royalty is 6% Marketing is 3% to the Franchisor. This business has a 15% gross margin.
    Property Features

    Major Business Type Food & Beverage Minor Business Type Fb - Fast Food Property Type Details Business Transaction Type For Sale

    © 2019 REALTORS® Association of Edmonton. All Rights Reserved.
    Mortgage Calculator is provided by BoomTown.


    © 2019 REALTORS® Association of Edmonton. All Rights Reserved. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.. Data last updated: 2019-01-16T12:36:36.58.
    Mortgage Calculator is provided by BoomTown.
     
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