346 Richmond Street, London East (East K) - Business for Sale
346 Richmond Street, London East (East K), Ontario, N6A3C3
This business in London East is for sale. It has been on the market 40 days, fresher than the London East average of 87 days.
Description
Excellent opportunity to own a turnkey restaurant business in the heart of Downtown London! The RedBox, a Desi-Street Style Indian-Chinese restaurant, this well-equipped establishment is prominently located near the busy intersection of Richmond Street and York Street, offering excellent visibility and convenient access.The versatile space is well suited for dine-in, takeout, delivery and catering operations, with the flexibility to continue the existing concept or introduce a new food business. The sale includes essential restaurant equipment and chattels, providing an excellent opportunity for an experienced restaurateur or first-time business owner. The restaurant offers seating capacity for approximately 40 guests. The kitchen features a good-sized commercial exhaust hood, spacious walk-in cooler and equipment to support an active food-service operation. Two washrooms are also available.Conveniently located minutes from VIA Rail, Fanshawe College's Downtown Campus, Victoria Park and with easy access to Western University, the location benefits from Downtown London's residential, student, commuter and business activity. A new five-year lease renewal option is available, providing added stability for the next operator. Owner training can also be provided if required. Turnkey restaurant opportunity in a high-visibility Downtown location - bring your concept and make it your own! Please contact me for any more information or to schedule a visit. ** Some items were removed from the kitchen/shelves for the purpose of the picture taken. (id:66096)
Property Details
- MLS®
- X13827246
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- DA1
- Frontage
- 20 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 40 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Extended: 40 days on market, against an average age of 87 days across the listings currently for sale in this city
This business in London East (East K) has been listed for 40 days, which is 47 days fresher than the city average of 87. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N6A)
This home lists at $135,900, about 2.2× the local median household income of $61,200.
Carrying it typically needs a household income of about $26,546 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $61,200
- Population
- 13,810
- Median age
- 34
- Owner / renter
- 29% / 71%
- Avg. household size
- 1.8
Source: Statistics Canada, 2021 Census (FSA N6A)
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$135,900
London East