76988 LONDON Road South, Huron East (Vanastra) - Business for Sale
76988 LONDON Road South, Huron East (Vanastra), Ontario, N0M1L0
This business in Huron East is for sale offering roughly 2,704 sq ft of space.
Description
This is a unique opportunity to acquire a thriving restaurant in Southwestern Ontario. Situated on approximately 1 3/4 acres of highway frontage, this establishment is perfectly positioned to attract locals, travelers, and truckers alike. Its reputation for exceptional food and generous portions has been instrumental in its ongoing success. The property offers tremendous potential due to its versatile usage options. Constructed in 1991, the building spans approximately 3000 sq ft. It features a spacious 140-seat dining area, men's and women's washrooms, and a convenient walk-in cooler. Over the last few years updates have been made to the kitchen appliances, providing a modern and efficient setup. This restaurant presents an ideal business opportunity for a family aiming to establish a prosperous future. This busy HWY location insures the potential customer base is consistent and abundant. Don't miss your chance to be part of this successful venture. Acquiring this restaurant means taking ownership of a highly regarded establishment with strong customer loyalty. The potential for growth and increased profitability is evident, especially with the possibility of expanding its services. If you are ready to embark on a business endeavor that combines a prime location and the opportunity for success, this Southwest Ontario restaurant is a must-consider investment. (id:66096)
Property Details
- MLS®
- X13765744
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- C5
- Bathrooms
- 3
- Interior Size
- 2,704 ft²
- Lot Size
- 188 × 329 ft (1.42 acres)
- Frontage
- 188 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $8,122.74/yr
- Listed
- 57 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 57 days on market, against an average age of 58 days across the listings currently for sale in this city
This business in Huron East (Vanastra) has been listed for 57 days, which is 1 days fresher than the city average of 58. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N0M)
This home lists at $799,000, about 8.8× the local median household income of $91,000.
Carrying it typically needs a household income of about $156,073 (20% down, 25-yr amortization, stress-tested) — roughly 72% above the area median.
- Median household income
- $91,000
- Population
- 69,177
- Median age
- 46
- Owner / renter
- 82% / 18%
- Avg. household size
- 2.5
Source: Statistics Canada, 2021 Census (FSA N0M)
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$799,000
Huron East