565 Richmond Street, London East, ON Image 1

$199,000

Sale Of Business For Sale
MLS - #X12284139
9 hours ago- By ROYAL LEPAGE SIGNATURE REALTY

565 Richmond Street, London East, ON N6A 3G2

Bed
5 Bath
900 Sqft.
Other Garage

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

Basement:N/A
Cooling:Yes
Heating:Gas Forced Air Closed
Parking Features:N/A
0
Similar Homes Found
$0
Average Price
19900000.0%
Higher than average

Price Comparison

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Walk Score for 565 Richmond Street

Sales Representative

Angela Yang

Sales Representative, ANCHOR NEW HOMES INC.

English, Mandarin
Residential ResaleProperty ManagementPre Construction

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