05-1086 Commissioners Road East, London | Image 1

05-1086 Commissioners Road East

London, South J

  • Commercial

$324,000
For Sale

Added 8 hours ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Restaurant

  • Zoning: Commercial

  • Age: No Data

  • MLS®#: X11928849

  • Added: Jan 17, 2025 (8 hours ago)

  • Updated:

  • Last Checked: 7 hours ago

  • Listed By: KING REALTY INC.

This is a great opportunity for anyone interested in owning a well-established with strong reputation Indian-Pakistani restaurant in a high-traffic location. This Non-franchise restaurant offering both dine-in and take-out services. The current owner is retiring and is motivated to sell, and theres an option for the new owner to receive training on the operation. Equipment & Facilities Includes a 6-burner stove, BBQ Grill, Naam Making Oven, tandoor, 2 stoves, walk-in cooler, double-door freezer, dough-making machine, two frezzer, water heater, and security system with cameras. 20+ seats, perfect for accommodating dine-in customers. Currently operating with short hours but increasing hours could generate additional revenue. Catering and tiffin services are an option, with potential clients including students, taxi drivers and truck drivers (nearby truck stop). The equipment, furniture, and leasehold improvements are all included in the sale. Rent is $3500 per month, which includes TMI (taxes, maintenance, insurance). A long-term lease with optional years is available. Ample surface parking for customers.

Property

  • Status: Sale

  • Type: Restaurant

  • Property Type: Sale Of Business

  • Property Type: Without Property

  • Area: London

  • Community: South J

  • Availability Date: flexible

Inside

  • Air Conditioning: Y

Building

  • Basement: N

  • Heat Type: Gas Forced Air Closd

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2024

  • Taxes Type: Annual

Land

  • Cross Street: Near Commissioners R

  • Municipality District: London

  • Parcel Number: 084760139

  • Zoning: Commercial

Commercial Specific

  • Number of Employees: 5

  • Retail Area: 1000

  • Retail Area Metric: Sq Ft

  • Hours Open: 10.00

  • Days Open: 6

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Unit

  • Seats: 22

  • Business/Building Name: The Palace Kitchen

  • Financial Statement: Y

  • LLBO: N

Map of 05-1086 Commissioners Road East, London
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