128 2nd Avenue Southeast

About this property

An incredible opportunity to own a well-established Korean deep-fried chicken restaurant in the heart of Chinatown, just steps from the Bow River pathways and surrounded by downtown offices and vibrant hangout spots that attract steady foot traffic throughout the day and evening. This restaurant is located on a busy street and offers an efficient space with 23 permitted seats, a liquor license with two washrooms; making it ideal for both dine-in and takeout operations. Originally established in 2015 and successfully operated by the current owner since 2017, the business features designer's interior touches, and a well-equipped commercial kitchen, along with recent upgrades including a newer hot water heater tank and updated flooring. With ongoing revitalization efforts in Chinatown drawing renewed interest from both the city and the local community, this area is quickly gaining momentum as a popular destination with many trendy retailers and restaurants. This is a business asset sale, allowing you to continue the current concept or bring your own fresh vision to elevate it further. The replacement cost for a restaurant like this today is easily exceeding $200K, yet it is attractively priced at only $89,900, with a secure lease in place until 2030 under a supportive landlord. The lease includes base lease, operating costs, property tax, and GST. Showings are by appointment only, and please do not visit or approach staff without prior arrangement, as the business is currently in operation. Thank you. (id:67740)

Property details

Location

Map location is approximate. Open larger map