685 Richmond Street

London, N6A 5M1

Interior: 1,808 ft²
Type: Sale Of Business
On the market: 24 days

Compare 685 Richmond Street

About this home

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.

Property details

MLS® number: X13816896
Property type: Sale Of Business
Interior size: 1,808 ft²
Heating: Electric Forced Air
Cooling: Yes

Possession

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New
$549,900

Flexible

Cross street

MILL ST., AND RICHMOND ST.,

Municipality

London

What it could cost each month

Mortgage estimate

$2,590a month

$117,000 down, 4.5%, 25 years

Down payment

5.8%10%20%

Interest rate

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An estimate, not a quote. Under 20% down, the mortgage default insurance premium is added to the loan.

Location

London, near MILL ST., AND RICHMOND ST.,

685 Richmond Street, London

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Listing courtesy of HOMELIFE/MIRACLE REALTY LTD.

Listed on the MLS® System of the Toronto Regional Real Estate Board. MLS® number X13816896. Measurements are approximate.

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.

Listing data provided under copyright by the London and St. Thomas Association of REALTORS® and other participating boards via PropTx Amplify Syndication. Information is deemed reliable but not guaranteed accurate.

Robert Georgopoulos and George Georgopoulos are Sales Representatives with RE/MAX Advantage Realty Ltd., Brokerage. Each office independently owned and operated.

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