#6 10800 Bayview Avenue, Richmond Hill (Devonsleigh) - Business for Sale
#6 10800 Bayview Avenue, Richmond Hill (Devonsleigh), Ontario, L4C7B5
This business in Richmond Hill is for sale offering roughly 865 sq ft of space.
Description
Excellent opportunity to acquire a fully equipped, turnkey Japanese sushi restaurant in an established Richmond Hill community. Located at Unit 6, 10800 Bayview Avenue, the restaurant occupies approximately 865 sq. ft. and offers an efficient operating format suitable for an owner-operator or an established restaurant group seeking an additional location.The premises feature an existing restaurant layout, kitchen infrastructure, equipment and operational setup, subject to the final equipment and chattel list. A buyer may continue the existing sushi concept or operate under their own brand. The premises may also accommodate another permitted food-service concept, subject to the landlord's approval, lease assignment requirements, zoning and applicable licensing.The current lease runs until February 28, 2029, with two additional five-year renewal options, subject to the terms of the lease. There is no Percentage Rent provision.Financial statements, sales information, equipment details and lease documents may be provided to qualified buyers after execution of a confidentiality agreement.Please do not go directly or speak with employees. All showings must be arranged through the listing brokerage. (id:66096)
Property Details
- MLS®
- N13702998
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Com/Retail
- Interior Size
- 865 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $12.5/yr
- Listed
- 76 days ago
Features
- Appliances
- Freezer
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 76 days on market, against an average age of 55 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 35 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell close to asking price
Homes in this market sold for an average of 97.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This business in Richmond Hill (Devonsleigh) 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 (L4C)
This home lists at $199,000, about 2.3× the local median household income of $86,000.
Carrying it typically needs a household income of about $38,872 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $86,000
- Population
- 74,636
- Median age
- 46
- Owner / renter
- 70% / 30%
- Avg. household size
- 2.6
Source: Statistics Canada, 2021 Census (FSA L4C)
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 →
$199,000
Richmond Hill