An exceptional opportunity to acquire a rapidly growing franchise in the popular Chicken Wings industry Wings Up has become available. Located in the bustling residential hub of Niagara Falls, this well-established and highly regarded brand offers incredible potential. Positioned in a prime location with excellent visibility and high foot traffic from the surrounding high-density residential area, the restaurant boasts impressive weekly gross sales of $5-6K.With remarkably low rent at just $2,400 per month (including TMI and HST), this investment is highly attractive. Perfect for an ambitious owner-operator, this promising location offers great growth potential. Don't miss out on this rare opportunity as the current owner is relocating. **** EXTRAS **** Food Cost: Approx. 33-36%, Labour Cost: Approx. 22-25%, LOW RENT - 8-9% Long Term Lease: Existing 8 + 5 + 5 Years Option To Renew, Royalty: 4.5% and 3% Marketing (id:47421)
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Detailed Information
Bathrooms
1
Listing Contract Date
2024-09-25
Location Description
Thorold Stone Rd/ Portage Rd
Property Type
Business
Transaction Type
For sale
Zoning Description
Commercial
Business
Business Type
Restaurant
Business Subtype
Restaurant/pub
Building
Cooling Type
Fully air conditioned
Heating Fuel
Natural gas
Heating Type
Forced air
Utility Water
Municipal water
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