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Jean Richer & Irene Bilinski
Bilingual Sales Representatives

54 ELGIN WEST STREET Arnprior, K7S1N5

895K For sale

MLS ID: 1040055

Property Details

THIS BUSINESS OPPORTUNITY WILL YIELD AN ANNUAL NET INCOME OF $ 240,000.00+ TO THE OWNER BEFORE TAXES, SALE INCLUDES THE BUILDING, LAND AND BUSINESS TRADE NAME. THIS RESTAURANT HAS A GREEK and CANADIAN MENU WAS ESTABLISHED OVER 75 YEARS AND OPERATED BY THE SAME OWNERS FOR THE PAST FORTY-FIVE [45] YEARS. THE MAIN FLOOR 2,500SF, HAS 160 SEATS AND THE PREP AREA, STOCK ROOM AND WASHROOMS ARE IN THE BASEMENT. THE SELLERS WISH TO RETIRE AND ARE WILLING TO STAY ON FOR THE TRANSITION AND MORE. BUSINESS HOURS OF OPERATION ARE FROM 7AM TO 8PM. THE RESTAURANT CARRIES A STOCK OF +/- 26,000.00. A COMPLETE EQUIPMENT LIST TO BE PROVIDED FOR DUE DILIGENCE INCLUDING 3 YEARS OR MORE OF FINANCIAL STATEMENTS SHALL BE PROVIDED WITH ACCEPTED OFFER AND OTHER DOCUMENTS AS REQUESTED. THE BUYER CAN PURCHASE THE RESTAURANT ONLY WITH AN OPTION TO PURCHASE THE BUILDING OR A RENT TO OWN THE BUILDING SCENARIO. THE SELLERS ARE WILLING TO PARTICIPATE IN THE FINANCING PROVIDED THE BUYER IS AN EXCELLENT COVENANT.

Community Features

This Retail property in the Ottawa area. The property includes and is priced at $895,000.

When considering this Ottawa real estate, proximity to important landmarks and destinations can be one of the main factors in buying this home.


Consider the distance to some of the following areas:
Canadian Tire Centre 36.76 KM
Bayshore Mall 43.92 KM
Algonquin College 47.54 KM
City of Hull/Gatineau 50.13 KM
Downtown Ottawa 51.03 KM
Carleton University 51.73 KM
Lansdowne Park 52.28 KM
University of Ottawa 52.32 KM
St. Laurent Mall 55.94 KM
Place d'Orléans 65.77 KM

Priced at $895,000, you can own this Ottawa Retail property, for as little as ${{Data.ModgaeModel.MonthlyPayment}} monthly.



Amenities

Price 895K
Status For sale
Type Retail
Location 54 ELGIN WEST STREET
Brokerage KELLER WILLIAMS SOLID ROCK REALTY

Room and Dimesnions

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