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Last Updated : 870 Days ago
1400 Upper James St, Hamilton, Ontario, Mewburn

7 - 1400 Upper James St, Hamilton MLS Number: X8090518

Mewburn, Hamilton, ON, L9B 1K3

$629,000

Status: OFF MARKET

  • Property Type: Commercial (Sale Of Business)
  • Property Taxes : $0.00 (Tax Year:2024)
  • Listing Courtesy : Century 21 People`s Choice Realty Inc.

Unit-7 1400 Upper James St Property Description

BURRITO BOYZ - one of the top Mexican food franchise restaurants for sale. Located in the Plaza at the busy intersection of Upper James & Stone Church Rd, close to the Hwy 403 and Lincoln Alexander Pwky. The Burrito Boyz is surrounded by many commercial plazas and residential buildings. The current owner has started this store in 2021 and now successfully reached close to $1 MILLION NET in Sales Revenue with 50% in-store Sales and 50% third party Sales. Some important INFO provided by the SELLER: SQ FT: 2093. RENT + TMI =$6,079. One of the Lowest ROYALTY FEES : ONLY 2% (1.5%Royalty + 0.5% Mkt). FOOD COST is 35% and LABOUR COST is 28%. Current LEASE is valid till 2031 + option to RENEW 5yr + 5yr. Sales was close to $1M in 2023 and now sales is increasing month over month compared to 2023, current WEEKLY SALES is about $20,000. NET PROFIT : over $100,000. The BUYER to verify the accuracy of all info provided here in this listing during the conditional period of the Offer.

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Unit-7 1400 Upper James St Property Facts

Property Type :Commercial
MLS Number :X8090518
Listing Type :Sale
Possession Date :
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Last Updated :18 Mar, 2024 (870 Days ago)
Source :TRREB
Area :Hamilton
Postal Code : L9B 1K3

Unit-7 1400 Upper James St Property Price & Tax Insights

Price : $629,000
Property Taxes :$0.00
Tax Year :2024

Unit-7 1400 Upper James St, Hamilton Property Details

Cross Street :Upper James & Stone Church Rd
Fireplace/Stove :No

1400 Upper James St, Hamilton - Price History

2024-02

24 Feb, 2024

TREB #X8090518

Available

$629000.0

1400 Upper James St - Location Map and Landmarks

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