#28 174 Colonnade Road, Ottawa - Business for Sale
#28 174 Colonnade Road, Ottawa, Ontario, K2E7J5
This business in Ottawa is for sale. It has been on the market 9 days, fresher than the Ottawa average of 62 days.
Description
A famous hotspot restaurant in Chinese community! Excellent opportunity to acquire a well-established and highly rated authentic Chongqing-style Noodle house restaurant, the business is popular among local professionals and food enthusiasts alike. Located in the high-traffic Merivale/Colonnade commercial park, this restaurant benefits from strong dine-in, takeout, and online sales. Well-reviewed on Google with a loyal customer base.Proprietary recipes and preparation methods will be included in the sale, offering a smooth transition for the new owner. Ideal for both first-time operators and experienced restaurateurs looking to expand. Special note: The rent for this business property is very low-less than 10% of sales-resulting in a high profit margin, the owner ran this restaurant for 8 years and sale due to retirement. (id:66096)
Property Details
- MLS®
- X14123956
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Co
- Bathrooms
- 1
- Parking
- 4
- Frontage
- 195 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $6,937/yr
- Listed
- 9 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Active: 9 days on market, against an average age of 62 days across the listings currently for sale in this city
This business in Ottawa has been listed for 9 days, which is 53 days fresher than the city average of 62. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (K2E)
This home lists at $109,800, about 1.2× the local median household income of $89,000.
Carrying it typically needs a household income of about $21,448 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $89,000
- Population
- 20,172
- Median age
- 40
- Owner / renter
- 56% / 44%
- Avg. household size
- 2.4
Source: Statistics Canada, 2021 Census (FSA K2E)
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 →
$109,800
Ottawa