484 Richmond Street
London East, ON
- Sale Of Business
- 159 days on market
Well-established and highly rated ice cream shop located in the heart of downtown London, offering a true turnkey opportunity for entrepreneurs and investors alike. A recognizable name in the local dessert scene, featuring one of the first hand-rolled ice cream concepts introduced to the London market, this business has built strong brand awareness and a loyal customer base over the years. Updated with over $20,000 in improvements in 2024, this beautifully maintained space is designed for both efficiency and an elevated customer experience. Featuring a diverse and in-demand menu including rolled ice cream, scoops, buffet-style options, milkshakes, soft drinks, snacks, hot chocolate, and frozen cakes, with strong potential to expand offerings and increase revenue.The business benefits from excellent brand recognition, strong online reviews, and an active social media presence. The functional layout includes a private washroom and a dedicated back office/storage area, supporting smooth day-to-day operations. All equipment and chattels are included, allowing for a seamless transition for the next owner. Positioned in a high-exposure location with strong pedestrian traffic and approximately over 20,000 + vehicles passing daily, offering outstanding visibility and consistent customer flow.Attractive lease in place with favourable terms, including one designated parking space. Turnkey opportunity with systems in place, ready for immediate takeover and continued growth. A rare chance to acquire a well-established business in a prime downtown location.
Listing Details
- Listed
- April 3, 2026
Price History
Property
- Lot Size
- 71.86 x 100.25 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- Richmond St
- Zoning
- DA2
- Parcel Number
- 082640018
- Possession
- Immediate
- Occupancy
- Tenant
Commercial
- Business Type
- Fast Food/Takeout
Included
- Inclusions
- All business equipment/chattels/inventory
Community
Postal area N6A
- Population
- 13,810
- Private dwellings
- 9,768
- Median age
- 34
- Average household size
- 1.8
- Median household income
- $61,200
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
Commercial in London East · last 12 months
- Median sold price
- $460,750
- Homes sold
- 1,322
- Median days on market
- 25
- Sale-to-list price
- 97.0%
Based on 1,322 recorded sales of commercial properties in London East over the last 12 months.
Listed by
SUTTON GROUP - SELECT REALTY
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