






1/8711 RICHMOND STREET, London East (East F), ON N6A3H1
$239,900 total
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Asset Class
Retail
Size
—
Building class
B
Zoning
CB1 — Low Intensity Business
$ / SF
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Occupancy
84%
Prime Turnkey Restaurant for Sale on Richmond Row, London. Attention Restaurateurs and Culinary Entrepreneurs! Step into a fully operational, highly visible venue in the absolute heart of London's bustling Richmond Row. This exceptional turnkey business is ready for you to launch or expand your culinary vision without the massive upfront costs and delays of a complete build-out. PROPERTY HIGHLIGHTS:The Space: Fully licensed and ready to operate. Includes a modern CCTV security system and a fully furnished dining room with all seating and TVs included.The Kitchen: Designed for high-volume service, featuring a 10-burner gas stove, gas deep fryer, table-top grill, dual exhaust hoods, three refrigerators, four freezers, and stainless steel prep tables.The License: Valuable liquor license already in place (transfer subject to AGCO approval), allowing you to maximize revenue from day one.The Lease: Secure lease running through June 30, 2027, with two additional 5-year renewal options for long-term peace of mind.The Potential: Incredible late-night business potential. Located directly across from Molly Bloom's and steps from local bars, this is the perfect spot to capture the university student crowd and late-night diners. Seamlessly integrate with Uber Eats and SkipTheDishes to further enhance your sales. Highly flexible permitted use allows for fast food or virtually any restaurant concept.This is a complete sale of business assets with a seamless lease assignment. Don't miss your chance to take over a fully equipped space and start serving your first customers immediately! (id:66811)
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Monthly debt service
$1K
Projected NOI
$12K
Annual cash flow
$-2K
Cash-on-cash
-2.47%
DSCR
0.87
Going-in cap
4.80%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
76,800
Households
28,511
Median income
$104,000
Median age
32.6
Daytime population
70,037
5-yr growth
4.6%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 711 RICHMOND STREET, London East (East F).
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.