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101 - 516 CENTENNIAL Parkway

101 - 516 CENTENNIAL Parkway

Hamilton, Ontario

  • Business
$349,900

Exceptional opportunity to acquire a fully built-out and well-established Southeast Asian restaurant in the heart of Hamilton's vibrant Stoney Creek community. Saigon House Restaurant is known for its authentic Vietnamese and Thai cuisine, strong local reputation, and loyal customer base. This is a true turnkey operation ideal for owner-operators or experienced restaurateurs looking to step into a fully equipped space with long-term lease security.The premises offer approximately 1,800 sq. ft. of functional and efficient layout designed for high-volume service. The commercial kitchen is extensively equipped with a range featuring 2 large and 7 mid-size burners, 2 wok stations, 2 deep fryers, grill/charbroiler, 4 rice cookers/steamers, 2 stock pots/soup kettles, commercial mixer and slicer, prep stations, and food warming/holding equipment. Refrigeration includes 1 reach-in fridge, 2 reach-in freezers, and a walk-in chiller. Additional features include a commercial dishwasher, stainless steel shelving, sinks and hand-washing stations, and a 19 ft commercial hood with fire suppression system.Strong lease in place: 10-year term with approximately 9.5 years remaining. Well-maintained space with established branding and operational infrastructure already in place. Suitable for continuing the existing concept or converting to another cuisine (subject to landlord approval). Excellent opportunity to acquire a ready-to-operate restaurant without the cost and time of new construction.Serious inquiries only. Financial statements and additional details available upon execution of a confidentiality agreement.

Price History

Community

Postal area L8E

Population
41,927
Private dwellings
15,736
Median age
41.2
Average household size
2.7
Median household income
$91,000

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
$680,000
Homes sold
5,014
Median days on market
27
Sale-to-list price
97.1%

Based on 5,014 recorded sales of business properties in Hamilton over the last 12 months.

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