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$ 849,000
Est. payment /mo
Active Under Contract
557 Wellington RD London South, ON N6C 4R3
4 Baths
4,500 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $188
Subdivision South R
MLS Listing ID X13492734
Tax Year 2025
Lot Size 30591.001 Acres
Property Sub-Type Sale Of Business
Property Description
Very profitable and high-performing Crabby Joe's Bar & Grill franchise located in a prime area of London directly across from a major hospital complex. This established location boasts very impressive annual sales with a long history of strong and consistent performance. Large 4,500 Sq Ft restaurant plus a 1,500 Sq Ft basement featuring an efficient rectangular layout, a recently expanded patio, and seating for 216 inside plus 70 on the patio. The kitchen is fully equipped with a 25-ft commercial hood, 3 walk-ins, and top-of-the-line equipment throughout.Excellent opportunity for an owner-operator or investor with approximately 10% NOI on top of owner salaries. Royalties are 5% + 2%, and the attractive lease rate is $13,183 Gross Rent including TMI plus percentage rent with a term of 6 + 5 + 5 years remaining. AAA opportunity.Please do not go direct or speak to staff or ownership.
Location
Province ON
County Middlesex
Area Middlesex
Zoning Business Commercial
Interior
Cooling Yes
Exterior
Parking Features Plaza
Community Features Major Highway, Public Transit
Utilities Available Available
Building
Lot Description Lot
Lited by ROYAL LEPAGE SIGNATURE REALTY
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145 Wharncliffe Rd S, London, ON N6J 2K4, CAN
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