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$298,800
Available - For Sale
Listing ID: X12878020
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. 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 $47,000 Per Month. Net Income Is Strong At Around $21,000 To $22,000 Monthly. Rent Is $3,850+Hst Per Month. A Favorable Lease Runs Until 2029. The Current Owner has Successfully operated this Restaurant. 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.
Price $298,800
Taxes: $0
Tax Type: Annual
Occupancy by: Tenant
Address: 45 Geneva Street , St. Catharines, L2R 4M5, Niagara
Postal Code: L2R 4M5
Province/State: Niagara
Legal Description: LOT 147,CP PLAN 2
Directions/Cross Streets: GENEVA ST & CENTRE ST
No. of Pieces Level
Washroom 1 0
Washroom 2 0
Washroom 3 0
Washroom 4 0
Washroom 5 0
Washroom 6 0
Washroom 7 0
Washroom 8 0
Washroom 9 0
Washroom 10 0
Category: Without Property
Use: Restaurant
Building Percentage: T
Total Area: 3,700
Total Area Code:  Square Feet
Retail Area Code: Sq Ft
Financial Statement: T
Chattels: T
Franchise: F
Days Open: O
Hours Open: 11:30 a
Employees #: 5
Seats: 52
Maintenance: 0
Sprinklers: No
Rail: N
Heat Type: Gas Forced Air Close
Central Air Conditioning: Yes
Sewers: Sanitary+Storm
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CENTURY 21 NEW CONCEPT

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

Personal Picture
Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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At a Glance:
Type: Com - Sale Of Business
Area: Niagara
Municipality: St. Catharines
Neighbourhood: 451 - Downtown
Style:
Lot Size: x 117.53(Feet)
Approximate Age:
Tax: $0
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Personal Pic Maria Tompson Sales Representative Re/Max Example Inc, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
Personal Picture
Maria Tompson
Sales Representative
Re/Max Example Inc, Brokerage
Independently owned and operated.
support@bestforagents.com

 

 

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