484 Richmond Street, London East (East F) - Business for Sale
484 Richmond Street, London East (East F), Ontario, N6A3E6
This business in London East is for sale. It has been on the market 56 days, fresher than the London East average of 73 days.
Description
Well-established and highly rated ice cream shop located in the heart of downtown London, offering a true turnkey opportunity for entrepreneurs and investors alike. A recognizable name in the local dessert scene, featuring one of the first hand-rolled ice cream concepts introduced to the London market, this business has built strong brand awareness and a loyal customer base over the years. Updated with over $20,000 in improvements in 2024, this beautifully maintained space is designed for both efficiency and an elevated customer experience. Featuring a diverse and in-demand menu including rolled ice cream, scoops, buffet-style options, milkshakes, soft drinks, snacks, hot chocolate, and frozen cakes, with strong potential to expand offerings and increase revenue.The business benefits from excellent brand recognition, strong online reviews, and an active social media presence. The functional layout includes a private washroom and a dedicated back office/storage area, supporting smooth day-to-day operations. All equipment and chattels are included, allowing for a seamless transition for the next owner. Positioned in a high-exposure location with strong pedestrian traffic and approximately over 20,000 + vehicles passing daily, offering outstanding visibility and consistent customer flow.Attractive lease in place with favourable terms, including one designated parking space. Turnkey opportunity with systems in place, ready for immediate takeover and continued growth. A rare chance to acquire a well-established business in a prime downtown location. (id:66096)
Property Details
- MLS®
- X13762834
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- DA2
- Parking
- 1
- Frontage
- 71 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 56 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 56 days on market, against an average age of 73 days across the listings currently for sale in this city
This business in London East (East F) has been listed for 56 days, which is 17 days fresher than the city average of 73. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N6A)
This home lists at $60,000, about 1.0× the local median household income of $61,200.
Carrying it typically needs a household income of about $11,720 (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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$60,000
London East