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557 Wellington Rd

London, ON N6C 4R3
  • $799,000
  • STATUS: Active
  • ON SITE: 102 Days
  • ID#: X5495903
UPDATED: 101 min ago
$799,000
  • 0
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Neighbourhood:
Type:
Commercial
County:
Area:

Description

Very Profitable And High Performing Crabby Joe's Bar ? Grill Franchise Located In A Great Area Of London Directly Across The Street From A Major Hospital Complex. Boasting Sales Of Well Over $3,000,000 + And Years Of Consistency. The Kitchen Features A 25 Ft Hood, 3 Walk-Ins, And Top Of The Line Equipment. Large 4,500 Sq Ft + 1,500 Basement Rectangular Layout With Large Patio, Licensed For 216 Inside And 108 On The Sunny Patio That Was Recently Expanded.

Extras: Big Consistent Sales And 10% Noi On Top Of Owner Salaries Are What You'll Find Here. Royalties Are 5% + 2%, And There Is A Brand-New Lease Of $15,468 Gross With A Term Of 5 + 5 + 5+ 5. Aaa Opportunity!!!

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Listing information © 2022 Toronto Real Estate Board. Information is deemed reliable but is not guaranteed accurate by TREB or Al Moosa | Century 21 Leading Edge Realty Inc., Brokerage. 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. Date last updated: 2022-05-23T15:40:13.087.
www.almoosa.ca/homes/125545228
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557 Wellington Rd London, ON N6C 4R3

  • Price: $799,000
  • Status: Active
  • On Site: 102 Days
  • Updated: 101 min ago
  • ID#: X5495903
0
Beds
4
Baths
0
½ Baths
N/A
Acres
Neighbourhood:
London
County:
Ontario
Area:
London
Property Description
Very Profitable And High Performing Crabby Joe's Bar ? Grill Franchise Located In A Great Area Of London Directly Across The Street From A Major Hospital Complex. Boasting Sales Of Well Over $3,000,000 + And Years Of Consistency. The Kitchen Features A 25 Ft Hood, 3 Walk-Ins, And Top Of The Line Equipment. Large 4,500 Sq Ft + 1,500 Basement Rectangular Layout With Large Patio, Licensed For 216 Inside And 108 On The Sunny Patio That Was Recently Expanded.

Extras: Big Consistent Sales And 10% Noi On Top Of Owner Salaries Are What You'll Find Here. Royalties Are 5% + 2%, And There Is A Brand-New Lease Of $15,468 Gross With A Term Of 5 + 5 + 5+ 5. Aaa Opportunity!!!
Exterior Features

Area Influences Major HighwayPublic Transit Freestanding No Garage Type Plaza Lot Depth 169.96 Lot Front 179.99 Lot Size Code Feet Outside Storage Yes Parking Spaces 50 Rail N Soil Test N

Interior Features

Air Conditioning Y Basement Y Elevator None Heat Type Gas Forced Air Closd Seats 324 Total Area 4500.00 Total Area Code Sq Ft

Property Features

Business Building Name Crabby Joe's Category Without Property Chattels Yes Commercial Type Sale Of Business Crane N Cross Streets Wellington And Commissioners Days Open 7 Employees 40 Financial Statement Yes Franchise Yes Hours Open 11-12 List Price Type For Sale LLBO Yes Lot Code Lot Occupancy Tenant Sale Or Lease Sale Seller Property Info Statement No Sewer San+Storm Sprinklers N Survey No Tax Year 2021 Taxes 0.00 Taxes Type T.M.I. Use Restaurant Utilities A Water Municipal Zoning Business Commercial

Listing courtesy of Re/Max Ultimate Realty Inc., Brokerage.
Listing information © 2022 Toronto Real Estate Board. Information is deemed reliable but is not guaranteed accurate by TREB or Al Moosa | Century 21 Leading Edge Realty Inc., Brokerage. 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. Date last updated: 2022-05-23T15:40:13.087.
 
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Al Moosa | Century 21 Leading Edge Realty Inc., Brokerage
165 Main Street North
Markham ON, L3P 1Y2