Chilliwack Commercial Farms

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in Chilliwack: Chilliwack Yale Rd West Business for sale : MLS®# C8017466

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$399,000
Prop. Type:
Business
MLS® Num:
C8017466
Status:
Active
Bus Major:
Food & Beverage
Bus Minor:
FB - Restaurant
Exciting and well recognized, 95 seat Franchise Burger Restaurant opportunity over $60,000i/MO, in high traffic Chilliwack location specializing in burgers, fries and milk shakes! The area is anchored by Hotels, retail and a lot of new development that is coming to the area! The leasehold improvements and equipment are high quality and extremely well maintained. The Franchise Royalty structure is 5% royalties + 3% Advertising and the Transfer Fee is $40,000.00 to be paid by the Buyer. The Lease rate is $5,000.00/month for 1,800 sq.ft. of space with approximately 8 years left on the lease with 2 x 5 year Renewal Options. Currently, this location is not licensed for liquor but can be licensed by applying to BC Liquor Control. An Information Package is available upon a Non Disclosure Agreement being signed by all interested parties. All showings are done in the morning before restaurant opening. Staff is unaware of sale.
Sale Type:
Asset
Property Type:
Business
Business Name:
FRANCHISE BURGER RESTAURANT
Major Bus Type:
Food & Beverage
Minor Bus Type:
FB - Restaurant
Total Floor Area:
Switch units of measure1,800 sq. ft.
Retail Size:
Switch units of measure1,800 sq. ft.
Land Use/Zoning:
CS2
Water Supply:
Municipal
Env Assmt Phase:
None
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Tot Gross Sales:
Condo Fee:
Lse Op Costs SF:
Listed Date:
Previous Price:
Original Price:
Listed by RE/MAX Central
Listing information last updated on June 20, 2018 at 03:08 AM (UTC)
RAJ DHALIWAL