$694,900
For sale: Other

Turnkey restaurant opportunity in picturesque Bancroft! In just a short time, Northern Fried Chicken has become a popular venue for casual dining. Situated downtown at the busy intersection of Hastings Rd North and Madawaska St, along with No Frills and Shoppers Drug Mart. Features a great menu of delicious, affordable and popular menu items. Check out the NFC Chicken Breast Strips, they are the best! Being sold as a complete package with property and restaurant business, including kitchen equipment and furnishings plus training, marketing tools and IP. Very generous lot- 66' on Hastings N and 165' on Madawaska with parking for 19 cars. The main building is 1,865 sq ft (14' ceiling) with seating for 44 customers. Property zoning is C1-Commercial Centre, encompassing a wide range of permitted uses including food service, convenience store, gas bar, hotel, clinic and many others. Please see attachment for a complete list of permitted uses as per the Bancroft ZBL. Bancroft is a small town but its catchment area generally covers the entire North Hastings region and adjacent rural municipalities. This spans a population of up to 60,000 residents and the town is especially busy in summer with the seasonal arrival of cottagers and other travelers to the area.
Sold data
Homes in Bancroft (Bancroft Ward) took a median of 34 days to sell over the last 90 days, with the quickest quarter selling within 21 days and the slowest quarter taking more than 71, across 36 recorded sales.
The median sale price was $424,000.
Homes sold for about 5.1% below asking on average, so there was room to negotiate.
About 3% of sales closed above the list price.
Around 33% of sellers reduced their price before finding a buyer.
Based on 36 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Bancroft (Bancroft Ward) has 3 Fraser Institute–rated schools (3 elementary), averaging 5.6/10.
School ratings from the Fraser Institute's Ontario school report cards.
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