#5 142 Fullarton Street, London East (East F) - Business for Sale
#5 142 Fullarton Street, London East (East F), Ontario, N6A5P3
This business in London East is for sale offering roughly 500 sq ft of space.
Description
ALL-INCLUSIVE DOWNTOWN TURNKEY RESTAURANT BUSINESS FOR SALE. Fantastic opportunity to take over a fully turnkey, established restaurant in the heart of Downtown London. Operating successfully for over 20 years, this business is ready to continue as a shawarma/Mediterranean restaurant or be adapted to your own concept. All-inclusive setup - hydro and water are included. Current Rent is $2067/month. You only pay the rent and approximately $240/month for underground parking. The commercial hood, appliances, and restaurant equipment are all included and ready to operate immediately. There is also the option to keep the existing employees and continue the business as is. The current financials are based on limited hours of approximately 11:00 AM-3:00 PM, Monday to Friday, creating significant opportunity for growth. Extend the hours to 7:00 AM-8:00 PM, add delivery, catering, breakfast or dinner service, and increase revenue. Located at 142 Fullarton Street in Talbot Centre, the restaurant benefits from strong pedestrian traffic, a loyal repeat customer base, Collège Boréal students, surrounding office towers, and major businesses including RBC and BDC. Lunchtime traffic is particularly strong, with students and downtown office employees, law offices, regularly coming through the centre. A true turnkey opportunity with established clientele, affordable operating costs, excellent downtown exposure, and plenty of room to grow. (id:66096)
Property Details
- MLS®
- X13652592
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- DA1
- Interior Size
- 500 ft²
- Building Area
- 500 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Garage
- Underground
- Listed
- 90 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 90 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 $199,999, about 3.3× the local median household income of $61,200.
Carrying it typically needs a household income of about $39,067 (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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$199,999
London East