Property Description
Welcome to a rare and exciting opportunity in the heart of Waterloo – an excellent fast-casual restaurant with a stellar track record of impressive sales and income, including an owner’s salary. This turnkey establishment, currently operating under the Levetto brand, offers a fantastic chance for a new owner to step into a thriving business or reimagine the space with a brand or concept of their choice, subject to landlord approval.
Key Features:
- Location: Adjacent to RIM park, Waterloo’s premier 500-acre recreation and park complex, as well as other community hubs such as the library. The beautiful patio backs on to a sports field.
- Proven Success: This fast-casual restaurant boasts excellent sales and income, contributing to the owner’s salary. The established Levetto brand can be retained, providing a seamless transition for the new owner, or the space can be transformed to accommodate a different brand or concept.
- State-of-the-Art Kitchen: The restaurant features a fantastic open kitchen layout equipped with an exhaust hood, 6-burner stove, fryer, pizza oven, fridges, freezers, and more. The kitchen is designed for efficiency and productivity.
- Liquor License: LLBO for 32
- Low Rent: Enjoy the advantage of remarkably low rent at $4,065.50, which includes TMI.
Lease Details:
- Net Rent: $2,812.40
- TMI: $1,250.00
- Lease Expiry: December 31st, 2028 + 5-year renewal option
Please do not go direct or talk to staff. Contact us today for more information and to schedule a confidential viewing.