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Est. payment /mo
New
557 Wellington RD London South, ON N6C 4R3
4 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Subdivision South R
MLS Listing ID X13492734
Tax Year 2025
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
State ON
County Middlesex
Area Middlesex
Zoning Business Commercial
Interior
Cooling Yes
Exterior
Community Features Major Highway, Public Transit
Utilities Available Available
Lot Frontage 179.99
Lot Depth 169.96
Others
Security Features No
ParcelsYN No
Listed by ROYAL LEPAGE SIGNATURE REALTY