Price: $299,900

371 Princess Street, Kingston, ON K7L 1B9

Presenting a unique opportunity to acquire a well-established and fully equipped restaurant located in a prime leased space in downtown Kingston, positioned at a strategic corner. The premises encompass a total of 9,800 square feet, which includes a ground floor area of 4,905square feet, a basement of 3,775 square feet, and a mezzanine of 1,120 square feet. The property is secured by a long-term lease agreement, including 10 parking spots at the back, with additional rental costs covering realty taxes, common area maintenance (CAM), and landlord insurance. Base rent ($13,400.91)& additional rent, together is $18,454/month. The restaurant boasts excellent visibility with prominent signage on the premises. Please note that financials are not currently available.


Property Overview

Property type

Commercial - Sale Of Business

Building Area

9800 Square Feet

List Price

$299,900

Gross Income

N/A

Annual Taxes

$43,149

Tax year

2024

Business Type

Restaurant

Years in Business

N/A

Location

Kingston, ON

Status

Active

Franchise

No

Last Updated

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Financial Information

Gross Revenue

Annual revenue

Seller's Discretionary Earnings

Normalized earnings

EBITDA

Operating profit

Financial Verification

All financial information is subject to verification during due diligence. Contact the seller for detailed financial statements and documentation.

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