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$99,900
Available - For Sale
Listing ID: X12111012
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 $17.50 per square foot ($2.50 PSF discount for 5 year from regular 20.00 PSF given to purchaser of existing business) , 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 anew HVAC system, freezer compressor, and evaporator coil. Seize this turnkey opportunity in one of the most desirable spots in Kingston!
Price $99,900
Taxes: $0
Tax Type: Annual
Occupancy by: Owner
Address: 111 Princess Stre , Kingston, K7L 1A8, Frontenac
Postal Code: K7L 1A8
Province/State: Frontenac
Legal Description: BUSINESS ONLY
Directions/Cross Streets: PRINCESS AND WELLINGTON
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Without Property
Use: Restaurant
Building Percentage: T
Total Area: 5,092
Total Area Code:  Square Feet
Retail Area Code: Sq Ft
Approximatly Age: 100+
Financial Statement: T
Chattels: T
Franchise: F
Days Open: O
Hours Open: 0
Employees #: 0
Seats: 50
Maintenance: 0
Sprinklers: Yes
Rail: N
Heat Type: Gas Forced Air Open
Central Air Conditioning: Yes
Sewers: Sanitary
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
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Income Required $ $ $ $

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RE/MAX FINEST REALTY INC., BROKERAGE

111 Princess Stre , Kingston, K7L 1A8, Frontenac

Personal Picture
Arash Salehrad
Broker
Dir:
(647)402-5949
Bus:
(905)508-9500
Fax:
(905)773-3861

 
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At a Glance:
Type: Com - Sale Of Business
Area: Frontenac
Municipality: Kingston
Neighbourhood: 14 - Central City East
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Lot Size: x 0.00(Feet)
Approximate Age: 100+
Tax: $0
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Personal Pic Arash Salehrad Broker pic arashsalehrad@gmail.com RE/MAX REALTRON REALTY INC., Brokerage Independently owned and operated. pic 13321 Yonge St., Unit 203, Richmond Hill, Ontario L4E 3L3 pic Office: (905)508-9500 | Fax: (905)773-3861 | Cell: (647)402-5949