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255 KING Street

255 KING Street

Waterloo, Ontario

Business

$149,000

Turnkey Location for Quick Service Restaurant For Sale Convert to your desire Brand Prime University Area Location. Two Major Universities University of Waterloo Laurier and Conestoga Campuses Excellent opportunity to own a well-established quick service restaurant located in one of the busiest food plazas near a major university. Surrounded by student housing, residential communities, retail stores, and commercial businesses, this high-traffic location offers outstanding visibility and consistent customer flow throughout the year. This fully equipped turnkey restaurant is ideal for owner-operators, investors, or entrepreneurs looking for a profitable food business opportunity in a thriving area. Commercial Hood and all other equipment are included. The business currently operates as a franchise; however, one of the biggest advantages is the flexibility to continue with the existing brand or convert the space into another food concept, subject to landlord approval. Rent is $5220 plus TMI with Long Lease Until 2034, Prime High-Traffic Location Near University. Busy Food Plaza With Strong Foot Traffic. Excellent Exposure & Visibility. Fully Equipped Commercial Kitchen. Dine-In, Takeout & Delivery Potential. Plenty of Parking Available This location offers excellent growth potential with strong demand from students, local residents, office workers, and delivery platforms. A rare opportunity to secure a premium restaurant space in a highly desirable and rapidly growing area.

Price History

Community

Postal area N2J

Population
20,899
Private dwellings
10,672
Median age
36.8
Average household size
2.2
Median household income
$74,500

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Business in Waterloo · last 12 months

Median sold price
$692,500
Homes sold
1,035
Median days on market
21
Sale-to-list price
99.8%

Based on 1,035 recorded sales of business properties in Waterloo over the last 12 months.

Walk Score

88

Walk

67

Transit

76

Bike

Scores by Walk Score®

Location

R

Reita | Assistant

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