635 E KING Street E
Hamilton, Ontario
MLS® 40876913
$64,900
- Status
- Active
- Property type
- Business
- MLS® number
- 40876913
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 7Listing description
Turn-key restaurant for sale in a well-established, proven location. This is a sale of business assets only. No real property is included.
The business is offered with an assignment of the existing below-market lease, or a new lease with the landlord if the buyer prefers. Below-market rent and low overhead are a big part of the value here. The kitchen is built and running, so a new owner skips the build-out costs and the months of delay that come with starting from scratch.
The current restaurant has earned 332 Google reviews with a 4. 7-star average. That kind of track record shows the space works and the neighborhood supports it.
The kitchen has commercial cooking equipment under an exhaust hood, refrigerated prep stations, a hot holding line, a dish area, and a separate back prep room with a rear door for deliveries. Up front, the dining room has a service counter with POS, original tin ceilings, and a large storefront window that brings in natural light and gives the restaurant strong street presence. A large basement provides plenty of storage.
The location can serve a wide delivery area, which matters because so much restaurant revenue now comes through delivery apps. The restaurant holds an LLBO liquor sales license that can be transferred to the new owner, subject to LLBO approval. One staff parking space at the rear is included.
This suits an operator looking for a second location or a first-time owner who wants to open without the cost and risk of a full build.
Property summary
- MLS® number
- 40876913
- Property type
- Business
- Days on market
- 0 days
Features & details
- Basement
- None
What would this home cost you?
Based on the $64,900 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 Keller Williams Complete Realty, Hamilton.
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.