581 GARAFRAXA STREET S, West Grey

$124,000

For sale: Other

Other at 581 GARAFRAXA STREET S, West Grey
Property type
Sale Of Business
MLS®
MLS® X13506356
Neighbourhood
West Grey

Backed by Chairman's Brands, one of Canada's largest QSR groups, this well-established New Orleans Pizza franchise presents an exceptional opportunity in the growing community of Durham, Grey County. Operating successfully for over 25 years, with the current owner in place for 15+ years and now retiring, this is a well-timed opportunity to acquire a deeply rooted business with a loyal customer base and proven operating history.Strategically located on Highway 6, the primary route connecting Southern Ontario to Owen Sound, the Bruce Peninsula, and Grey County cottage country, the business benefits from consistent traffic generated by local residents, commuters, seasonal visitors, campers, and tourists throughout the year. The bright, highly visible storefront features ample parking and shares the site with a busy gas station, creating a natural stop for travellers heading north and south.Offering approximately 1,500 sq ft, this location features a full dining room, spacious kitchen, and generous customer lobby - significantly larger than a typical pizza franchise footprint. Monthly rent of approximately $2,200 is exceptionally attractive for a fully built-out franchise operation of this size.Durham continues to experience significant investment and growth, including new residential development, expanded healthcare services, and a new police station, supporting long-term population growth and increasing consumer demand. Uber Eats, DoorDash, and SkipTheDishes have recently been added, with delivery penetration in this market still in early stages.Financial statements available upon execution of an NDA. Head lease with Franchise.

Sold data

Other homes in West Grey — recent sold market

Other homes in West Grey took a median of 35 days to sell over the last 730 days, with the quickest quarter selling within 15 days and the slowest quarter taking more than 75, across 31 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 53 days.

The median sale price was $1,399,000.

Homes sold for about 5.5% below asking on average, so there was room to negotiate.

About 16% of sales closed above the list price.

Around 16% of sellers reduced their price before finding a buyer.

Median days to sell
35
Median sale price
$1,399,000
Sale-to-list ratio
94.5%
Sold above asking
16%

Based on 31 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Currently for sale

Homes for sale near 581 GARAFRAXA STREET S