7
$64,900 Sale
Listed 1 hour
635 E KING Street E
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Key Facts
Key facts for 635 E KING Street E
Property Type
Commercial
Parking
Garage: No, 0 parking
MLS #
40876913
Size
-
Basement
None
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
-
Maintenance Fee
-
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 o...verhead 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. (id:10452)
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Listing courtesy of: Keller Williams Complete Realty
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