$199,000
565 Richmond Street, London East, ON N6A 3G2
Property Description
Property type
Sale Of Business
Lot size
N/A
Style
Approx. Area
900 Sqft
About 565 Richmond Street
Incredible opportunity to take over this lovely licensed restaurant located right in the heart of London's iconic Richmond Row. This well-positioned corner unit offers outstanding visibility with AAA signage and benefits from steady foot traffic in one of the city's busiest retail and entertainment corridors. The space is a manageable 900 sq ft, making it ideal for an efficient operation with low overhead. It comes fully equipped with an 8-ft commercial hood, a large walk-in fridge, and a liquor license for 40 patrons. The interior layout is well designed for both dine-in service and takeout, with cozy seating and a welcoming atmosphere. Current gross rent is $6,018 (including TMI) with 3 years remaining on the lease plus a 5-year renewal option available, offering excellent long-term security. This turnkey restaurant is an ideal candidate for rebranding into a wide range of concepts, franchises, or cuisines. Whether you're looking to bring in a new dining experience or expand an existing brand, this location has all the right ingredients for success. Please do not go direct or speak to staff or ownership.
Home Overview
Last updated
9 hours ago
Virtual tour
None
Basement information
Building size
900
Status
In-Active
Property sub type
Sale Of Business
Maintenance fee
$N/A
Year built
--
Additional Details
Price Comparison
Location

Angela Yang
Sales Representative, ANCHOR NEW HOMES INC.
MORTGAGE INFO
ESTIMATED PAYMENT
Some information about this property - Richmond Street

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