45 Geneva Street, St. Catharines, ON L2R 4M5

St. Catharines L2R 4M5 Ontario

MLS: X12349985

$399,000

Added 22 days ago | For Sale

Listed by: CENTURY 21 NEW CONCEPT

About Property

This Well-Known Korean Restaurant Is Located In St. Catharines, The Fastest Growing City In The Niagara Region, Also Known As The Beautiful Garden City. It Sits On A Busy Street With High Traffic And Great Visibility. Customers Enjoy Ample Parking And Quick Access To Downtown. The Spot Is Close To Brock University And Niagara College, Bringing In Students, Travelers, And Local Residents. The Dining Area Is Spacious, Clean, And Nicely Decorated. It Creates A Warm And Welcoming Atmosphere. The Restaurant Offers A Wide And Delicious Korean Menu, Meeting The Rising Demand For K-Food. The Quality And Variety Of The Dishes Keep Customers Coming Back. Sales Average About $55,000 Per Month. Net Income Is Strong At Around $26,000 To $27,000 Monthly. Rent Is Very Affordable At $3,800 Per Month Including HST. A Favorable Lease Runs Until 2029, Giving The New Owner Peace Of Mind. The Current Owner Has Operated This Restaurant Successfully For Ten Years. The Business Has Built A Great Reputation And A Loyal Customer Base. This Is A Rare Chance To Own A Profitable And Well-Established Restaurant In A Prime Location. It Is Perfect For Experienced Operators Or First-Time Buyers. Don't Miss Out On This Excellent Opportunity.

Features

  • House Style:Sale Of Business
  • Bathrooms:
  • Land Size: 55.5 X 117.53
  • Water:Municipal
  • Garage Spaces: /Outside/Surface
  • Driveway:
  • Heating Fuel:
  • Cross Street:GENEVA ST & CENTRE ST
  • Basement: ,
  • Possession Date:TBD
  • Annual Property taxes:
  • Bedrooms:
  • Total Parking Spaces:
  • Parking Places:
  • Heating Type:Gas Forced Air Closed
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12349985

About Agent
Tajinder Sarao
REALTOR®
(647) 206-7222 [email protected]
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