597 KING Street
Hamilton, Ontario
Business
An exceptional opportunity to acquire a profitable Caribbean restaurant in the heart of Hamilton. Known for its authentic flavors and loyal customer base, this business benefits from strong local demand and repeat clientele. The restaurant is turnkey and debt-free, making it an ideal option for an owner-operator or investor looking for a smooth transition. The sale includes approximately $30,000 in assets, including kitchen equipment and fixtures, allowing you to step in and continue operations immediately. With consistent performance, the buyer can reasonably expect to recoup their initial investment within approximately two years, a compelling return for a food and beverage business in today’s market. Seller will transfer Alcohol license. Current Lease $2250 + Utilities, option to renew 5 years Seller is moving back to the Carribean and open to closing anytime.
Price History
Community
Postal area L8N
- Population
- 15,568
- Private dwellings
- 8,630
- Median age
- 36.8
- Average household size
- 1.9
- Median household income
- $54,800
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Business in Hamilton · last 12 months
- Median sold price
- $683,250
- Homes sold
- 4,988
- Median days on market
- 27
- Sale-to-list price
- 97.1%
Based on 4,988 recorded sales of business properties in Hamilton over the last 12 months.
Location
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