280 Lester Street Waterloo, Ontario N2L 3W5

$399,000

An exceptional investment opportunity awaits with a highly-rated Indian restaurant in Waterloo, offering both takeout and dining options. Renowned for its extensive range of flavorful biryanis and hearty curries, this establishment boasts a stellar 4.7-star rating from over 5,000 reviews. It has become a favorite among local diners, including high foot traffic of student population due to its proximity to multiple universities and colleges. The restaurant is also a popular late-night spot. It is also in close proximity of banks, IT companies, including a Google office, grocery stores such as Walmart, FreshCo, Costco, and Sobeys, as well as gas stations, Tim Hortons, and local mall. The business generates revenues exceeding $1 million annually, with earnings surpassing $150,000 per year. In addition to the equipment, chattels, fixtures, and furniture, the acquisition includes meticulously crafted secret recipes for each menu item, ensuring a seamless transition and the continuation of its proven & successful flavors. The new owner has the option to take over the existing restaurant with its established brand name and recipes, with royalty terms to be discussed, or to acquire the business without the brand name and recipes, allowing for a fresh start or rebranding opportunity. (id:59646)

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https://www.realtor.ca/real-estate/27428298/280-lester-street-waterloo