haho.ca
$60,000
For sale

484 Richmond Street, London East (East F) - Business for Sale

484 Richmond Street, London East (East F), Ontario, N6A3E6

1 parkingListed 56 days ago
Overview

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

Days on market
56d
London East (East F) listings, avg age
73d
List price
$60K

Long Listed: 56 days on market, against an average age of 73 days across the listings currently for sale in this city

Haho

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.

Listed by SUTTON GROUP - SELECT REALTY · AZRA VELAGIC

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

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)

$60,000
For sale

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Financing

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$60,000

London East

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