#2 742 Richmond Street, London East (East F) - Business for Sale
#2 742 Richmond Street, London East (East F), Ontario, N6A3H3
Description
At the busy intersection of Oxford and Richmond Rd with the one of Best blocks for business in the downtown London, THE K GRILL represents not only A well established business , A popular brand in the communities, but also equipped with high end massive kitchen exhaust system( fully upgraded 2023) coolers, freezers , top notch cooking tools, utensils and furnitures. The kitchen is huge to fulfill the new owners ambitions, the dining area is spacious with 96 seats. The enormous free parkings are at rear with easy access to the K GRILL, the countless businesses in the area are drawing numerous customers. With the UWO just a few kilometers away, the K GRILL is surrounded by the students housing and vast residential areas. The business was prosperous with many customers coming from all over the city. Now, The owner has another business to take care of in another city, the K GRILL MUST BE SOLD. The total operating area is 2868 square foot , rent is $6200 with the effective long term lease.contact the listing agent for more details, serious inquiries only. (id:66096)
Property Details
- MLS®
- X12403906
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- BDC
- Frontage
- 34 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $15,032/yr
- Listed
- 417 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 417 days 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) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N6A)
This home lists at $50,000, about 0.8× the local median household income of $61,200.
Carrying it typically needs a household income of about $9,767 (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 →
$50,000
London East