1335 SIMCOE STREET N

Property facts

Price

$99,000

Type

business

Bedrooms

0

Bathrooms

2

Size

1,202 sq ft

MLS®

E13606200

Status

active

Brokerage

HOMELIFE/MIRACLE REALTY LTD

About this home

Description provided by the listing brokerage

Excellent opportunity to own a well-established and fully operating Double Double Pizza & Chicken franchise in a high-demand Oshawa location at Simcoe St N & Taunton Rd E. This successful business is located in a busy retail plaza surrounded by residential communities, schools, college campuses, and commercial businesses. Strong school and corporate clientele provide consistent sales and repeat customers.Approximately 1,202 sq. ft. with very low rent of only $2,925/month including TMI plus HST. Current lease in place until October 2029 with two additional 5-year renewal options available. Monthly sales average approximately $25,000-$30,000. Weekly school orders average approximately $1,800-$2,000, with additional corporate and retail customer sales from nearby businesses and plaza traffic.Business operates under the recognized Double Double Pizza & Chicken franchise and will continue as the same franchise. Existing seating for 4 customers. Open 7 days a week with extended late-night hours. Utilities average approximately $950/month. The store holds a clean Durham Region Green Pass Certificate. No hot water rental contracts. LLBO not currently in place, however there is strong potential for the new buyer to apply for liquor licensing, creating additional growth opportunities.Franchise transfer fee is applicable, with the Seller and Buyer each responsible to pay $12,500 + HST.Reason for sale is lack of time to manage due to ownership of another business. Immediate possession available. Great turnkey opportunity for owner-operators, families, or investors looking to step into a growing franchise business with established customer base and future potential.

Location