625 TALBOT Street, St. Thomas - Business for Sale
625 TALBOT Street, St. Thomas, Ontario, N5C1C6
This business in St. Thomas is for sale offering roughly 3,500 sq ft of space.
Description
A fantastic opportunity to own an established, independent restaurant in downtown St. Thomas. Known as "The Bistro" since 2015, this hotspot has been a successful restaurant location for over 23 years. This is a business-only sale, making it an affordable, turnkey setup for a new owner or chef to step right in and start cooking from day one.The clean, beautifully maintained 3,500+ sq. ft. space is fully licensed under the LLBO and comfortably seats 116 guests. With no franchise fees, you have 100% control over your menu, branding, and hours. The business operates 7 days a week with a highly competitive lease in place until May 2027 at just $3,200.00 + HST/month.All commercial kitchen equipment, furniture, and fixtures are included in the purchase price. (id:66096)
Property Details
- MLS®
- X13583974
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- COMMERCIAL
- Interior Size
- 3,500 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $8,028/yr
- Listed
- 107 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 107 days on market, against an average age of 71 days across the listings currently for sale in this city
Homes here sell close to asking price
Homes in this market sold for an average of 97.5 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This business in St. Thomas 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 (N5C)
This home lists at $325,000, about 3.7× the local median household income of $89,000.
Carrying it typically needs a household income of about $63,484 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $89,000
- Population
- 15,721
- Median age
- 41.2
- Owner / renter
- 78% / 22%
- Avg. household size
- 2.5
Source: Statistics Canada, 2021 Census (FSA N5C)
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$325,000
St. Thomas