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$229,900
Available - For Sale
Listing ID: X11918245
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
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
Zoning: DT-1 - COMMERCIA
Category: Without Property
Use: Restaurant
Building Percentage: Y
Total Area: 5,092
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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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
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Total Payment $ $ $ $
Income Required $ $ $ $

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RE/MAX FINEST REALTY INC., BROKERAGE

111 Princess St , Kingston, K7L 1A8, Ontario


 
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Type: Com - Sale Of Business
Area: Frontenac
Municipality: Kingston
Neighbourhood: Central City East
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Lot Size: 0.00 x 0.00(Feet)
Approximate Age: 100+
Tax: $0
Maintenance Fee: $0
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Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

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