711 Richmond Street, London East (East F) - Business for Sale
711 Richmond Street, London East (East F), Ontario, N6A3H1
This business in London East is for sale. It has been on the market 1 day, fresher than the London East average of 74 days.
Description
Prime Turnkey Restaurant for Sale on Richmond Row, London. Attention Restaurateurs and Culinary Entrepreneurs! Step into a fully operational, highly visible venue in the absolute heart of London's bustling Richmond Row. This exceptional turnkey business is ready for you to launch or expand your culinary vision without the massive upfront costs and delays of a complete build-out. PROPERTY HIGHLIGHTS:The Space: Fully licensed and ready to operate. Includes a modern CCTV security system and a fully furnished dining room with all seating and TVs included.The Kitchen: Designed for high-volume service, featuring a 10-burner gas stove, gas deep fryer, table-top grill, dual exhaust hoods, three refrigerators, four freezers, and stainless steel prep tables.The License: Valuable liquor license already in place (transfer subject to AGCO approval), allowing you to maximize revenue from day one.The Lease: Secure lease running through June 30, 2027, with two additional 5-year renewal options for long-term peace of mind.The Potential: Incredible late-night business potential. Located directly across from Molly Bloom's and steps from local bars, this is the perfect spot to capture the university student crowd and late-night diners. Seamlessly integrate with Uber Eats and SkipTheDishes to further enhance your sales. Highly flexible permitted use allows for fast food or virtually any restaurant concept.This is a complete sale of business assets with a seamless lease assignment. Don't miss your chance to take over a fully equipped space and start serving your first customers immediately! (id:66096)
Property Details
- MLS®
- X14152340
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Commercial
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- Yesterday
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Just listed: 1 day on market, against an average age of 74 days across the listings currently for sale in this city
This business in London East (East F) has been listed for 1 day, which is 73 days fresher than the city average of 74. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N6A)
This home lists at $239,900, about 3.9× the local median household income of $61,200.
Carrying it typically needs a household income of about $46,861 (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)
Book a showing
Pick a time that suits you. A verified local agent confirms within 24h.
Buying this business?
Acquisition financing works differently from a property mortgage. Tell our partner brokers at iShopRates what you are buying and they will come back with options.
Ask about acquisition financing →
$239,900
London East