Homula Realty Brokerage
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150 churchill Boulevard, Sault Ste Marie, ON P6A 3Z9

Sale Of Business
$325,000

Turnkey Fat Bastard Burrito Franchise For Sale - One Of The Top Mexican Food Franchises For Sale In Sault Ste. Marie. In Churchill Plaza, One Of Sault Ste. Marie's Major Retail Shopping Centres. Ideally Located At The Busy Intersection Of Churchill Blvd & Trunk Rd (Highway 17B), Offering Outstanding Visibility, Accessibility, And Steady Customer Traffic. Serving A Strong Trade Area With Over 34,000 Residents Within 3 Km And 14,300 Nearby Employees. Benefit From High Exposure With Approximately 20,600 Vehicles Daily On Trunk Road And 14,500 Vehicles Daily On Wellington Street. Surrounded By National Retailers And Established Businesses, Making It An Ideal Turnkey Franchise Opportunity. It Offers Consistent Sales, Is Easy To Operate With Full Franchise Support, And Is Ideal For Owner-Operators, Looking For A Profitable And Reputable Brand Opportunity. Unbeatable Location Key Highlights: Prime Location: A Popular Spot For Mexican Cuisine. Strong Financial Performance: Monthly Sales: Approx. $40,000 To $45,000 (And Growing)Rent: Approx. $4108/Month inc. TMI Lease: Current Lease Long Term Till 2029 + 5+ 5 Years. Royalty Fee: 8%Advertising Fee: 2%Store Area: Approx. 1379 Sq. Ft. Full Training Will Be Provided To The New Buyer. Don't Miss This Opportunity!

MLS number
X13431134
Type
Sale Of Business
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
P6A 3Z9
Photos
6
92days · this listing
92days · this property

This property has not been relisted in the last two years, so both counts are the same. Where they differ, the second adds up earlier listings at this address that ended without a sale.

Listing history

No previous listings found for this address.

Where this home is

This address could not be placed on the mapHomula matches addresses against open government address data, and this one found no match — so the map, the nearby schools and the school boundaries are all unavailable for this listing. It is a gap in our data, not a property without schools nearby.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$65,000 · minimum here is $16,250
$1,439.03per month
Borrowed before insurance$260,000
Total borrowed$260,000
Interest over 25 years at 4.5%$171,709

If you rented it out

Monthly rent starts from a rule of thumb — two per cent of the asking price a year — because no comparable lease was found nearby. Change it to anything you like.

-$897.03per month out of pocket
Rent$542.00
Everything it costs to hold$1,439.03
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by HOMELIFE/MIRACLE REALTY LTD. Listing data provided by the Toronto Regional Real Estate Board.