3 - 1426 FANSHAWE PARK ROAD W
London North (North E), Ontario
MLS® X13812946
$199,000
- Status
- Active
- Property type
- Business
- MLS® number
- X13812946
- Bedrooms
- —
- Bathrooms
- 2
- Year built
- —
1 / 22Listing 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.
Property summary
- MLS® number
- X13812946
- Property type
- Business
- Leasable Area
- 2,400 sq ft
- Land size
- 218 FT
- Days on market
- 6 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
What would this home cost you?
Based on the $199,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of PRIME REAL ESTATE BROKERAGE, LONDON.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.