12
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$399,000
Est. payment /mo
3,700 SqFt
New
45 Geneva ST St. Catharines, ON L2R 4M5
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Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Square Footage 3,700 sqft
Price per Sqft $107
Subdivision 451 - Downtown
MLS Listing ID X12349985
Tax Year 2025
Property Sub-Type Sale Of Business
Property Description
This Well-Known Korean Restaurant Is Located In St. Catharines, The Fastest Growing City In The Niagara Region, Also Known As The Beautiful Garden City. It Sits On A Busy Street With High Traffic And Great Visibility. Customers Enjoy Ample Parking And Quick Access To Downtown. The Spot Is Close To Brock University And Niagara College, Bringing In Students, Travelers, And Local Residents. The Dining Area Is Spacious, Clean, And Nicely Decorated. It Creates A Warm And Welcoming Atmosphere. The Restaurant Offers A Wide And Delicious Korean Menu, Meeting The Rising Demand For K-Food. The Quality And Variety Of The Dishes Keep Customers Coming Back. Sales Average About $55,000 Per Month. Net Income Is Strong At Around $26,000 To $27,000 Monthly. Rent Is Very Affordable At $3,800 Per Month Including HST. A Favorable Lease Runs Until 2029, Giving The New Owner Peace Of Mind. The Current Owner Has Operated This Restaurant Successfully For Ten Years. The Business Has Built A Great Reputation And A Loyal Customer Base. This Is A Rare Chance To Own A Profitable And Well-Established Restaurant In A Prime Location. It Is Perfect For Experienced Operators Or First-Time Buyers. Don't Miss Out On This Excellent Opportunity.
Location
Province ON
County Niagara
Community 451 - Downtown
Area Niagara
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 55.5
Lot Depth 117.53
Others
Security Features No
Listed by CENTURY 21 NEW CONCEPT