428 Clarence Street
London East, ON
- Sale Of Business
- 101 days on market
Excellent opportunity to own a well-established restaurant business in the heart of London's downtown core. Located in a desirable high-traffic commercial area next to TD Bank and surrounded by offices, retail businesses, and strong pedestrian activity, this business offers excellent visibility, convenient access, and strong potential for future growth. The restaurant has been successfully operating for 6 years and features a spacious dining area with seating for approximately 144 guests, a large commercial kitchen, and a private room ideal for parties, corporate meetings, presentations, and special events. This is a turnkey business opportunity suitable for owner-operators, entrepreneurs, investors, or experienced restaurant operators. The buyer may have the option to continue with the existing franchise, including brand name, training, marketing, support, and operational guidance, or operate independently, subject to all required approvals, regulations, and applicable franchise conditions. Very attractive rent of approximately $7,300 per month including HST. List of chattels, equipment, and sales information available upon request.
Virtual Tour
Virtual Tour Available
Listing Details
- Listed
- June 4, 2026
Price History
Parking
- Garage
- Other
Location & Legal
- Cross Street
- Richmond/Dundas
- Zoning
- Commercial
- Possession
- Flexible
- Occupancy
- Owner
Commercial
- Business Type
- Restaurant
Included
- Inclusions
- All existing chattels, fixtures, cooking equipment, furniture, cookware, and related restaurant items are included in the sale, unless otherwise excluded.
- Exclusions
- Inventory/stock is not included in the sale price and shall be adjusted separately
- Rental Items
- Dishwasher and Hot Water tank on Lease.
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
- $462,500
- Homes sold
- 1,327
- Median days on market
- 25
- Sale-to-list price
- 97.0%
Based on 1,327 recorded sales of commercial properties in London East over the last 12 months.
Listed by
EVEREST REALTY LTD.
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Location
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