B2 - 580 HESPELER ROAD, Cambridge
$399,000
For sale: Other
- Property type
- Sale Of Business
- MLS®
- MLS® X14136210
REMARKS FOR CLIENTS (2000 characters) Unique opportunity to own a well-established, money-making City Pizza franchise is now up for grabs in a prime location in the heart of Cambridge, Ontario. This is not just another pizza shop it's store with impressive sales and a loyal customer base. Store has high weekly Sales volume of approximately Average$ 14,000 to$ 15,000 a week and further opportunity to grow the sales. The strong revenue stream from day one means you're investing in a proven business model with healthy cash flow. The restaurant benefits from a central location and the current owner has built a strong base of repeat customers over the years. Attracting a steady flow of local residents and business clients, ensuring steady walk-in customers and brand visibility. Regular orders come from nearby local businesses and institutions including car dealerships, factories, schools, and even the local hospital. The business is also integrated with Uber Eats, DoorDash, Skip The Dishes. These bulk and repeat orders are a testament to the store's excellent reputation and service. When you take over, you'll inherit loyal customers who already love the product, providing you with reliable income from day one. Enjoy a low monthly rent of $3,976.78 (TMI and HST included), which keeps overhead costs down and boosts your profit margin. The business operates in a leased premises with approx 4 years remaining on the lease, plus an option to renew for 5 years. This turn-key pizza business is the opportunity for you. Don't miss this chance to take over a proven operation and make it your own!
Sold data
Homes in Cambridge — recent sold market
Homes in Cambridge took a median of 25 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 48, across 273 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 42 days.
The median sale price was $679,900.
Homes sold for about 2.1% below asking on average, so there was room to negotiate.
About 26% of sales closed above the list price.
Around 21% of sellers reduced their price before finding a buyer.
- Median days to sell
- 25
- Median sale price
- $679,900
- Sale-to-list ratio
- 97.9%
- Sold above asking
- 26%
Based on 273 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in Cambridge
Cambridge has 46 Fraser Institute–rated schools (38 elementary and 8 secondary), averaging 5.6/10.
- Rated schools
- 46
- Elementary
- 38
- Secondary
- 8
- Average rating
- 5.6 / 10
Top-rated schools in Cambridge
- Islamic School of Cambridge — elementaryFraser rating 10.0/10
- Ontario Muslim Academy — elementaryFraser rating 10.0/10
- Mother Theresa — elementaryFraser rating 7.5/10
- Père-René-de-Galinée — secondaryFraser rating 7.2/10
- St Margaret — elementaryFraser rating 7.2/10
- Parkway — elementaryFraser rating 6.8/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
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