$229,900
Available - For Sale
Listing ID: X11918245
111 Princess St , Kingston, K7L 1A8, Ontario
| This is a fantastic opportunity to own a fully established bakery, deli, and restaurant in a premier downtown Kingston location in operation since 1963. The asking price is all equipment, goodwill and contacts - The property spans two levels, with 2,546 square feet on the main floor dedicated to a service area with comfortable dining, plus an additional 2,546 square feet on the lower level, featuring a commercial kitchen that is fully outfitted with high quality equipment and includes rear door access. The entire 5,092 square feet is available at a competitive net lease rate of $12.50 per square foot, with an additional $7.50 per square foot in operating costs (TMI). Also available is the dedicated parking spot in the adjacent municipal lot for just $156 per month and access to a seasonal patio leased from the city. A detailed list provided of income, expenses, catering clients, suppliers and equipment details is available to serious buyers. Significant updates have been made in 2024, including a new HVAC system, freezer compressor, and evaporator coil. Seize this turnkey opportunity in one of the most desirable spots in Kingston! |
| Extras: Please see document section for deposit information. Schedule B to be included with all offers. |
| Price | $229,900 |
| Taxes: | $0.00 |
| Tax Type: | N/A |
| Occupancy by: | Owner |
| Address: | 111 Princess St , Kingston, K7L 1A8, Ontario |
| Postal Code: | K7L 1A8 |
| Province/State: | Ontario |
| Legal Description: | BUSINESS ONLY |
| Directions/Cross Streets: | PRINCESS NEAR WELLINGTON |
| Category: | Without Property |
| Use: | Restaurant |
| Building Percentage: | Y |
| Total Area: | 5092.00 |
| Total Area Code: | Sq Ft |
| Retail Area: | 2546 |
| Retail Area Code: | Sq Ft |
| Approximatly Age: | 100+ |
| Financial Statement: | Y |
| Chattels: | Y |
| Franchise: | N |
| Days Open: | 6 |
| Hours Open: | 0 |
| Employees #: | 0 |
| Seats: | 50 |
| LLBO: | N |
| Sprinklers: | Y |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Y |
| Water: | Municipal |
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Years
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX FINEST REALTY INC., BROKERAGE |
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|
Mehdi Moghareh Abed
Sales Representative
Dir:
647-937-8237
Bus:
905-731-2000
Fax:
905-886-7556
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Sale Of Business |
| Area: | Frontenac |
| Municipality: | Kingston |
| Neighbourhood: | Central City East |
| Approximate Age: | 100+ |
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