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$179,999
Available - For Sale
Listing ID: X13463684
Exceptional opportunity to acquire a fully equipped turnkey restaurant business in a highly visible northeast London location. Currently set up for Mediterranean cuisine, this versatile opportunity is ideal for an owner-operator, investor, franchise conversion, or restaurateur looking to establish a new concept without the significant cost, delays, and expense associated with building a restaurant from scratch.The premises feature seating for 50+ guests with potential for additional seating, three washrooms, a professionally equipped commercial kitchen, multiple cooking stations, walk-in cooler, walk-in freezer, recently serviced hood and ventilation systems, and equipment that is less than two years old. All equipment and chattels required to operate will remain with the business, allowing for a seamless transition.Located within the established Highbury and Huron commercial corridor, the business benefits from excellent visibility, strong vehicle traffic, ample on-site customer parking, and convenient access to Veterans Memorial Parkway and Highway 401. Surrounded by major retailers, restaurants, service businesses, and industrial employers, the area is home to Walmart, Tim Hortons, Starbucks, McDonald's, Dairy Queen, Taco Bell, A&W, Chuck's Roadhouse, Harvey's, Firehouse Subs, Pizza Nova, Domino's, Papa John's, Subway and numerous other national and local businesses.Currently operating under a valid City of London Food Premises Business Licence and set up to serve Halal cuisine. The business is currently in YEAR 1 of a 5-year lease extension, with current base RENT of $4,140/month plus TMI and utilities.Whether continuing as a Mediterranean restaurant or introducing a completely new dining concept, the extensive leasehold improvements, commercial kitchen infrastructure, hood system, walk-in cooler, walk-in freezer, and dining area are already in place, allowing the next owner to focus on launching their business rather than undertaking a costly build-out
Price $179,999
Taxes: $375,180
Tax Type: N/A
Assessment Year: 2025
Occupancy by: Owner
Address: 1295 Highbury Avenue North , London East, N5Y 5L3, Middlesex
Postal Code: N5Y 5L3
Province/State: Middlesex
Directions/Cross Streets: Highbury Ave and Huron St
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Without Property
Use: Restaurant
Total Area: 0
Retail Area Code: Sq Ft
Area Influences: Public Transit   Recreation/Comm
Approximatly Age: 0-5
Business/Building Name: London Palace
Financial Statement: T
Chattels: T
Franchise: F
Days Open: O
Hours Open: 11am-11
Employees #: 4
Seats: 50
Maintenance: 0
Heat Type: Gas Forced Air Close
Central Air Conditioning: Yes
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RE/MAX ICON REALTY

1295 Highbury Avenue North , London East, N5Y 5L3, Middlesex

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Paulette Zander
Sales Representatives
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416-456-7481
Bus:
416-203-6636
Fax:
416-203-1908

 
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Type: Com - Sale Of Business
Area: Middlesex
Municipality: London East
Neighbourhood: East A
Style:
Lot Size: x 435.00(Feet)
Approximate Age: 0-5
Tax: $375,180
Maintenance Fee: $0
Beds: 0
Baths: 3
Garage: 0
Fireplace: N
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Personal Pic Paulette Zander Sales Representatives pic pzander@rogers.com Remax Condos Plus Corp., Brokerage Independently owned and operated. pic 45 Harbour Square, Toronto, Ontario M5J 2G4 pic Cell: 416-456-7481 | Office: 416-203-6636 | Fax: 416-203-1908