81-4-675 Rymal Road East, Hamilton | Image 1

81-4-675 Rymal Road East

Hamilton, Hamilton Beach

  • Commercial

$400,000
For Sale

Added 2 weeks ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Restaurant

  • Zoning: Zoning Code G-1,

  • Age: 6-15 years

  • Taxes: 1452.52

  • MLS®#: X9348243

  • Days on Site: 1 Days

  • Added: Sep 12, 2024 (2 weeks ago)

  • Updated:

  • Last Checked: 1 hour ago

  • Listed By: RE/MAX REAL ESTATE CENTRE INC.

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.

Property

  • Status: Sale

  • Type: Restaurant

  • Property Type: Sale Of Business

  • Property Type: Without Property

  • Age: 6-15

  • Net Income: 25000

  • Area: Hamilton

  • Community: Hamilton Beach

  • Availability Date: TBD/Owner

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Available

Building

  • Basement: N

  • Heat Type: Gas Forced Air Open

  • Elevator: None

  • UFFI: No

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2023

  • Tax Legal Description: PT LT 8 CON 8, BARTON AS IN CD421343 AND PARTS 1,

  • Taxes: $1,453

  • Expenses: Act

  • Management Expense: 400

  • Insurance Fee: 300

  • Operating Fees: 15000

  • Hydro Expense: 400

  • Heat Expenses: 200

  • Other Expenses: 200

  • Taxes Type: T.M.I.

Land

  • Cross Street: Rymal Rd E& Upper Sh

  • Municipality District: Hamilton

  • Sewer: San Avail

  • Zoning: Zoning Code G-1,

Commercial Specific

  • Number of Employees: 5

  • Retail Area: 60

  • Retail Area Metric: %

  • Sprinklers: Y

  • Terms: 168

  • Total Area: 1300

  • Total Area Metric: Sq Ft

  • Minimum Rental Months: 48

  • Hours Open: 11am-9p

  • Industrial Area Size: 30

  • Industrial Area Metric: %

  • Office Size: 10

  • Office Size Metric: %

  • Area Influence: Public Transit

  • Area Influence: Rec Centre

  • Days Open: 7

  • Franchise: N

  • Tangible Property Included: Y

  • Crane: N

  • Lot Code: Lot

  • Survey: N

  • Seats: 21

  • Soil Test: N

  • Financial Statement: N

  • Gross Income/Sales: 700000

  • LLBO: N

Map of 81-4-675 Rymal Road East, Hamilton
JK-6

Lincoln Alexander Public School

Elementary: Public
1.44 km
JK-8

St. Teresa of Calcutta Catholic Elementary School

Elementary: Catholic
1.45 km
JK-8

St. John Paul II Catholic Elementary School

Elementary: Catholic
0.94 km
JK-8

Helen Detwiler Junior Elementary School

Elementary: Public
1.52 km
JK-8

Templemead Elementary School

Elementary: Public
1.19 km
JK-8

Ray Lewis (Elementary) School

Elementary: Public
0.86 km
9-12

Vincent Massey/James Street

Secondary: Public
3.69 km
9-12

ÉSAC Mère-Teresa

Secondary: Catholic
3.47 km
9-12

St. Charles Catholic Adult Secondary School

Secondary: Catholic
4.83 km
9-12

Nora Henderson Secondary School

Secondary: Public
2.84 km
Pre-Grade 9-12

Westmount Secondary School

Secondary: Public
4.42 km
9-12

St. Jean de Brebeuf Catholic Secondary School

Secondary: Catholic
0.70 km
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