Business For Sale · Specialty

21 KING Street E, Hamilton

21 KING Street E, Hamilton, ON L8N1A2

$229,000 total

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Asset Class

Specialty

Size

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Building class

A

Zoning

DC2 — Site Specific

$ / SF

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Occupancy

83%

About this property

EXCEPTIONAL TURNKEY BUSINESS OPPORTUNITY – KENZO RAMEN FRANCHISE! Established and successfully operated for approximately 10 years, now available due to the owner's retirement. Located in the heart of Downtown Hamilton, surrounded by office towers, shopping, entertainment, and public transportation. Features approximately 35 seats, dine-in and take-out services, and a liquor licence for 33 patrons. Currently operating 6 days a week and closed Sundays and statutory holidays, with significant potential to increase sales through extended hours, catering, and additional marketing. Easy to operate and ideal for owner-operators, families, or investors. A fantastic opportunity to take over an established business with tremendous growth potential! PLEASE DO NOT GO DIRECT OR APPROACH THE OWNER OR EMPLOYEES. All inquiries and site visits must be arranged through the listing agent. Strict confidentiality is appreciated. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$229K
Down payment30% · $69K
Interest rate6.25%
Amortization25 years
Occupancy83%
Expense growth2.5%

Monthly debt service

$1K

Projected NOI

$14K

Annual cash flow

$1K

Cash-on-cash

1.88%

DSCR

1.10

Going-in cap

6.11%

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

137,333

Households

55,023

Median income

$69,500

Median age

43.2

Daytime population

228,684

5-yr growth

2.4%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 21 KING Street E, Hamilton.

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.