Price: $185,000

128 Speers Road, Oakville, ON L6K 2E7

Profitable Chinese restaurant for sale in a mature residential area of Oakville. Approx. 1,100 SF with 26 seats. Features a professional commercial kitchen with a 22-ft hood, walk-in freezer, and ample parking. Open 7 days a week: Tuesday to Friday, 12 p.m. to 9 p.m.; Saturday to Monday, 2 p.m. to 9 p.m. Monthly sales approx. $35,000, with a rent of $5,580/month (incl. TMI & HST). The lease has 2 years remaining with a 5-year option to renew. The current owner of 10 years is selling for family reasons. The business has a stable customer base and is a great opportunity for a family operator. It can also be converted to any type of restaurant. ** All business-related information, including but not limited to business numbers, is provided by the Seller and has not been verified by the Listing Brokerage. Buyers are advised to conduct their own due diligence. **


Property Overview

Property type

Commercial - Sale Of Business

Building Area

1100 Square Feet

List Price

$185,000

Gross Income

N/A

Annual Taxes

$1,000

Tax year

2024

Business Type

Restaurant

Years in Business

N/A

Location

Oakville, 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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