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For Sale - 288 Bank Street, Ottawa Centre, Ontario

288 Bank Street

Ottawa Centre , Ontario

$294,900

Est payment $1,416/mo

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Time on Jump 109 day

AI Summary *

Turnkey restaurant ready for immediate operation in a prime location.
Established pizza restaurant with a strong 15-year history.
Main floor space accommodates 30 guests, plus an expansive basement.
Modern kitchen and equipment included, no need for costly renovations.
Favorable lease terms offer predictable costs and minimal management hassles.

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Purchase Price

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Down Payment:
$ 14,745 ( 5% )

First Time Buyer:
Yes No

New Build:
Yes No

Rare opportunity to acquire a fully equipped turnkey restaurant in the heart of centretown at the highly visible intersection of bank street and somerset street. This established location has operated continuously as a pizza restaurant for approximately 15 years and features approximately 1,500 sq. Ft. Of main floor restaurant space with seating for 30 guests, plus an additional 1,100 sq. Ft. Basement offering future expansion potential for private events, catering operations, storage, or additional revenue-generating uses. The premises have benefited from extensive capital investment and feature a fully equipped turnkey restaurant operation with modern kitchen infrastructure, refrigeration systems, food preparation stations, digital ordering technology and quality leasehold improvements throughout. The estimated replacement value of the equipment, improvements and build-out is significant, presenting an opportunity for a purchaser to acquire an established operation without the substantial capital expenditure, permitting delays and construction timelines typically associated with developing a comparable restaurant from scratch. The business also benefits from a highly favourable gross lease structure, providing predictable occupancy costs with property taxes, common area maintenance, snow removal, building insurance and other operating costs included in the rent, a significant advantage. Prime bank street exposure benefits from exceptional pedestrian and vehicle traffic in one of ottawa's busiest commercial corridors. Ideal opportunity for an owner-operator seeking an established location with existing infrastructure and future growth potential.

Listing IDX13472632

Address288 Bank Street

CityOttawa Centre, Ontario

Price$294,900

StyleSale Of Business

TypeBusiness

StatusFor Sale

Extras

Subtype Sale Of BusinessBasement 1Heating / Cooling Gas Forced Air Open

Market Info

Listing Brokerage: RIGHT AT HOME REALTY

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Listing Brokerage: RIGHT AT HOME REALTY

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For Sale - 288 Bank Street, Ottawa Centre, Ontario

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