Sale Of Business · For sale

685 RICHMOND Street, London East

$585,000business price

Listing brokerage: HOMELIFE/MIRACLE REALTY LTD · MLS® X13816896

Property report for this address · zoning, second units, flood, schools (public records)

Listing brokerage

HOMELIFE/MIRACLE REALTY LTD

Type

Sale Of Business

Deal

For sale

Category

Businesses

Size

1,808 sq ft

Lot

0 x 0 ft

Area

East F

MLS® number

X13816896

Description

Excellent opportunity to own an established Philthy Philly's franchise at 685 Richmond Street, London, Ontario, ideally located in the vibrant downtown area. This established business generates annual sales of over 1.2 million , 100k Monthly sales and offers an excellent opportunity for an owner-operator or investor. Attractive lease terms with approximately 10 years remaining plus an additional 10-year renewal option. Monthly rent is approximately $5,650 including TMI. Benefit from an established franchise brand with LLBO & $0 marketing cost, providing ongoing brand exposure and support. Excellent location with seating capacity of 40 inside 40 patio, surrounded by residential, commercial, entertainment and student activity with strong pedestrian and vehicle traffic. A great opportunity to acquire an established food business with long-term lease security in one of London's active commercial areas.