228 Main Street E Unit# 11 Milton, Ontario - MLS#: 40551462
$450,000
Excellent Franchised Wings Up Business in Milton, ON is For Sale. Located At the Busy Intersection of Main St E/Ontario St S. Surrounded by Fully Residential Neighborhood, Close To Schools, Major Big Box Stores, Great business with Good Sales Volume, Long Lease and more. Weekly Sales: Approx. $14,000 - 16,000, Food Cost: Approx. 32-35%, Labor Cost: Approx. 22-25%, Rent: $7415/m including TMI & HST, Lease: Existing + 5 years plus option to renew, Utility: Approx. $1200-1500/m, Royalty: 4.5%. Advertising: 3%, Store Area: Approx. 2500sqft. (id:51158)
Delicious Franchised Wings Up Business for Sale in Milton, ON
If you are a savvy entrepreneur looking for a thriving business opportunity in the heart of Milton, look no further! This excellent franchised Wings Up business is now available for sale, offering a mouth-watering menu of delectable wings and more in a prime location. Situated at the bustling intersection of Main St E and Ontario St S, this establishment is surrounded by a vibrant residential neighborhood, close to schools and major big box stores, making it a hotspot for hungry customers.
Key Features:
- Prime Location at Busy Intersection
- Strong Sales Volume
- Long Lease with Option to Renew
- Spacious Store Area of Approx. 2500 sqft
- Franchise Royalty at 4.5%
With a weekly sales figure ranging from approximately $14,000 to $16,000, this established business boasts enticing numbers that speak to its popularity and profitability. The food cost ranges from 32% to 35%, ensuring healthy margins for the discerning investor. Labor costs are maintained at a competitive range of 22% to 25%, optimizing operational efficiency and profitability.
The monthly rent of $7415, inclusive of TMI and HST, presents a fair and manageable overhead cost for this spacious establishment. The existing lease term, coupled with an additional 5 years and an option to renew, provides stability and security for the future of the business. Utility costs are estimated at approximately $1200 to $1500 per month, offering transparency and predictability in operational expenses.
Advertising expenditure is set at 3% of sales, ensuring visibility and brand awareness in the local market. With a franchise royalty of 4.5%, this business offers the opportunity to leverage a recognized brand and proven business model. The store area spans approximately 2500 sqft, providing ample space for customers to dine in comfort and style.
Questions and Answers:
1. What is the weekly sales volume for this Wings Up business?
The weekly sales volume ranges from approximately $14,000 to $16,000, reflecting the strong demand and popularity of the establishment.
2. What are the key features of this franchised business in Milton?
The key features include a prime location at a busy intersection, strong sales volume, a long lease with an option to renew, a spacious store area of approximately 2500 sqft, and a franchise royalty of 4.5%.
3. What are the estimated food and labor costs for this business?
The food cost ranges from 32% to 35%, while the labor cost is maintained at approximately 22% to 25%, ensuring competitive margins and operational efficiency.
4. What is the monthly rent, inclusive of TMI and HST, for this establishment?
The monthly rent is $7415, inclusive of TMI and HST, presenting a fair and manageable overhead cost for the business.
5. How long is the existing lease and what are the options for renewal?
The existing lease term is complemented by an additional 5 years and an option to renew, providing stability and security for the future of the business.
⚡⚡⚡ Disclaimer: While we strive to provide accurate information, it is essential that you to verify all details, measurements, and features before making any decisions.⚡⚡⚡
📞📞📞Please Call me with ANY Questions, 416-477-2620📞📞📞
Business
| Name | WINGS UP |
Property Details
| MLS® Number | 40551462 |
| Property Type | Business |
| Amenities Near By | Shopping |
About 228 Main Street E Unit# 11, Milton, Ontario
Building
| Basement Type | None |
Land
| Access Type | Highway Access |
| Acreage | No |
| Land Amenities | Shopping |
https://www.realtor.ca/real-estate/26626627/228-main-street-e-unit-11-milton
Interested?
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
March 18 2024 02:38:11
Kitchener-Waterloo Association of REALTORS®
Royal LePage Wolle Realty