3 - 1426 Fanshawe Park Road W,London North (North E), ON N6G0A4
London North (North E), ON N6G0A4
Description
Rare turnkey opportunity to acquire a successful, fully established breakfast and family restaurant in London's sought-after Hyde Park commercial corridor. Located at 1426 Fanshawe Park Road West, Unit 3, this approximately 2,400sq. ft. premises features a beautifully maintained 65-seat dining room and a fully equipped commercial kitchen with separate entrance.The business is fully outfitted with an extensive selection of owned equipment and assets, including two fryers, two gas flat-top grills, a charbroiler, a six-burner gas oven, Alto-Shaam equipment and more. The dishwasher and water heater are rented.The current lease term expires April 30, 2027, with one final five-year renewal option available, potentially providing continuity through April 2032. Estimated rent of $8,750.00 / month +hst, which includes base rent, pylon sign rent, and additional rent. Utilities are extra.An experienced, long-standing team is currently in place, including a General Manager and Kitchen Manager and dedicated serving staff. The seller is willing to provide transition support and training to the successful purchaser. The existing brand and trade name are not included, providing the purchaser with the opportunity to introduce their own concept and identity.Purchaser will be subject to the landlord's review and approval.Currently operating only 36 hours per week-Tuesday through Sunday from 8:00 a.m. to 2:00 p.m.-the business offers significant potential to increase revenue by opening seven days a week, introducing evening service, and expanding takeout and delivery channels. An excellent opportunity for an owner-operator, chef or growing hospitality group seeking an established presence in North London. Financials available with a signed Confidentiality Agreement. (id:13843)
Details
| MLS # | X13812946 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 46 |
| Listing Provided By | PRIME REAL ESTATE BROKERAGE | JUSTIN KONIKOW |
Features
| Bath(s) | 2 Total |
|---|---|
| SQ Feet | 2,400 |
| Zoning | ASA3/ASA6/ASA8(8) |
Interior
| Cooling | Fully air conditioned |
|---|---|
| Heating | Forced air, Natural gas |
| Fireplace Yes / No | No |
Utilities
| Water Source | Municipal water |
|---|
Taxes
| Tax Annual Amount | 0 |
|---|
Area Information
| Province | ON |
|---|---|
| City | London North (North E) |
| Postal Code | N6G0A4 |
| Listing VS Median (in N6G0A4) | |
Price: $199,000 low | high Med: $199,000 sqft: 2,400 low | high Med: 2,400 $ / sqft: $83 low | high Med: $83 On site: 46 low | high Med: 46 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | London North (North E) |
| Postal Code | N6G0A4 |
| Listing VS Median (in N6G0A4) | |
Price: $199,000 low | high Med: $199,000 sqft: 2,400 low | high Med: 2,400 $ / sqft: $83 low | high Med: $83 On site: 46 low | high Med: 46 | |
