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Restaurant for Sale in London South (South D), Ontario | MLS® X13784136 | BusinessForSaleInOntario

MLS® X13784136

Restaurant for Sale — London South (South D)

$149,999

8 - 360 SPRINGBANK DRIVE, London South (South D), ON N6J1G5

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Listing Information

MLS®: X13784136
Listed: September 15, 2026
Time on market: 37 days
Data last synced: October 23, 2026
Source: CREA DDF®

CREA DDF® Listing

Listing Brokerage: EXP REALTY

MLS® Number: X13784136

Listing data is sourced from the Canadian Real Estate Association (CREA) Data Distribution Facility (DDF®). Listing information is deemed reliable but is not guaranteed accurate by CREA or Royal Star Realty Inc., Brokerage.

Description

Chattels-only sale opportunity at 360 Springbank Drive with an attractive lease rate! This 3,500 sf prime corner unit is situated in a well-established plaza in Springbank, one of London's most sought-after neighbourhoods, with excellent exposure and ample free parking. The premises feature a fully built-out restaurant with a large turnkey commercial kitchen and bar, including over 15 feet of commercial exhaust hood, walk-in cooler, walk-in freezer, dishwashing equipment, flat-top grill, gas grill, prep tables, and much more. The exterior offers a newly constructed covered and heated patio, plus a separate uncovered patio area. The restaurant was previously licensed for up to 132 patrons indoors and 50 patrons on the patio. Existing bar includes 4 under counter coolers and a keg dispensing cooler. Additional features include three renovated washrooms and an active liquor sales licence, subject to AGCO approval and transfer requirements. Lease rate is $24.00 per sq. ft. net, plus approximately $8.50 per sq. ft. TMI, totalling approximately $9,479.17 per month plus HST and utilities. Chattels only-the existing business and trade name are not included. All information is to be independently verified by the buyer. (id:63161)

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Financing details

Seller financing (% of price)Seller financing rate (%)Seller financing term (years)Bank loan rate (%)Bank loan amortization (years)Working capital reserve ($)

Monthly debt service: $1,456
Cash required at close: $55,000
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