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$ 165,000
Est. payment /mo
Pending
324 Highway 7 N/A E #3 Richmond Hill, ON L4B 1A6
2 Baths
1,200 SqFt
UPDATED:
03/05/2025 03:03 PM
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Pending
Purchase Type For Sale
Square Footage 1,200 sqft
Price per Sqft $137
Subdivision Doncrest
MLS Listing ID N11901697
Tax Year 2024
Property Sub-Type Sale Of Business
Property Description
This well-established Japanese Fusion restaurant is located in a high-traffic commercial plaza on Highway 7, surrounded by a dynamic mix of residential and commercial properties that guarantee a steady stream of potential customers. Recently renovated with over $40,000 invested in modern upgrades, the restaurant boasts a stylish and inviting atmosphere perfect for dining.Menu Enhancement Opportunity: Transition from a Pasta-Sushi Fusion to a dedicated Sushi Specialty restaurant, offering a more focused and refined culinary experience.Limited Local Competition: Capitalize on the opportunity to stand out by offering a unique and differentiated dining experience in the area.LLBO Approval (Currently in Process): Anticipated revenue growth with the upcoming approval. **EXTRAS** Current lease till 9th March, 2027 with 5 yrs option to renew. Higher margin. Monthly rent $6700 (tmi and water inclusive). All figures as per seller.
Location
Province ON
County York
Community Doncrest
Area York
Interior
Cooling Yes
Listed by HOME STANDARDS BRICKSTONE REALTY