$400,000

FOR SALE

Business for Sale

Restaurant

Total Area: 1,300 ft²
2023 Taxes: $1,452.52

675 Rymal Rd E #81-4
Hamilton, ON L8W 1B5 | Hamilton Beach

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Very busy full restaurant in Hamilton with a 15ft hood, walk-in cooler, fully equipped, one washroom, 2nd washroom rough in, and storage rooms. There are 1500 high school students within 800 meters of the restaurant. Very busy with high school students, online orders & walk-ins. Evenings are further busier on school games days. Located in a retail plaza with No Frills, pharmacy, dentist and surrounded by houses and businesses. Large catering orders by nearby schools staff & car dealerships. Annual revenue of $700K. About 1300 SF space. Rent is $5275 plus HST. Current lease is in 6th year. So 3 years remains + 2 five years extension possibility. Landlord approval is required. This is the sale of this business location only. Staff is willing to staff. Do not discuss with staff.

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Listed By	RE/MAX REAL ESTATE CENTRE INC.
Data Provided By	Toronto Regional Real Estate Board
MLS® Listing Number	X9348243
Last Updated	Sep 13, 2024

Property Summary

Property Type	Business For Sale More like this: Hamilton Business For Sale
Use	Restaurant
Franchise	Non-Franchise
Category	Without Property
Legal Description	PT LT 8 CON 8, BARTON AS IN CD421343 AND PARTS 1,
Minimum Rental Term	48
Maximum Rental Term	168
Occupancy	Tenant
Possession Date	TBD/Owner
Taxes (2023)	$1,452.52
Tax Type	T.M.I.
Directions/Cross Streets	Rymal Rd E& Upper Sherman
Neighbourhood	Hamilton Beach
Area	Hamilton

Price History

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Detailed Information

Retail Area	60 percent
Industrial Area	30 percent
Office/Apt Area	10 percent
Total Area	1,300 ft2
Approximate Age	6-15
Elevator	None
Air Conditioning	Y
Basement	N
Chattels	Y
Garage Type	None
Days Open	7
Hours Open	11am-9p
LLBO	N
Employees	5
Heat Type	Gas Forced Air Open
Financial Statement	N
Gross Income/Sales	$700,000
Net Income Before Debt	$25,000
Hydro Expense	$400
Heat Expenses	$200
Insurance Expense	$300
Management Expense	$400
Operating Expenses	$15,000
Other Expenses	$200
Expenses Actual/Estimated	Act
Area Influences	Public Transit, Rec Centre
Soil Test	N
Seats	21
Sprinklers	Y
Sewers	San Avail
Utilities	A
Water	Municipal
UFFI	No
Crane	N
Survey	N
Lot/Bldg/Unit Code	Lot
Zoning	Zoning Code G-1,Designed Shopping Centre
Seller Property Info Statement	N

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