Business For Sale · Retail

711 RICHMOND STREET, London East (East F)

711 RICHMOND STREET, London East (East F), ON N6A3H1

$239,900 total

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Asset Class

Retail

Size

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Building class

B

Zoning

CB1 — Low Intensity Business

$ / SF

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Occupancy

84%

About this property

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)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$240K
Down payment30% · $72K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

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.

Area demographics

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.

Secure deal room

Confidential diligence documents for 711 RICHMOND STREET, London East (East F).

NDA required
  • 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.