3 - 2070 Rymal Road E, Hamilton, Ontario L0R 1P0

Listed for:
$375,000
0 beds
0 baths
Listed 166 days ago
3 - 2070 Rymal Road E, Hamilton, Ontario L0R 1P0

View all 20 photos

Learn more about this property
Listing provided by:
IPRO REALTY LTD.
MLS® number:
X7341844
Agent:
Joe Commisso
*Indicates required field
Name is required
Email is required

About

Indulge in a savoury opportunity! Own this thriving shawarma business and savour the taste of success. A turnkey operation awaits, recently renovated with many upgrades. Complete with a loyal customer base, prime Hamilton East Mountain location. Seating for up to 30 guests, ample parking, full exterior signage. Price includes all equipment. Opportunity to be your own boss. Great Lease Agreement in place until 2032 and Seller will train Buyer after possession. **** EXTRAS **** Rent and TMI is $5,243 Monthly ($34.00 Net + $15.00 TMI) + HST Until April 2025. Net rent to increase from years 4-7 to $36.00 + HST and years 8-10 to $38.00 + HST. Lease Term Until April 2032 with option to extend for an additional 5 years (id:27476)

Property Highlights

Type
Cooling type
Fully air conditioned
Heating fuel
Natural gas
Fireplace
No
Construction material
Parking space
Ownership Type
Amenities nearby

Location

Summary

Here's a fantastic opportunity to take ownership of a successful shawarma business and savor the taste of success. This turnkey operation has been recently renovated and comes with numerous upgrades, making it an attractive investment. Situated in a prime location on Hamilton East Mountain, the business boasts a loyal customer base and can accommodate up to 30 guests with ample parking and full exterior signage. The price includes all equipment, providing the perfect chance to become your own boss. Additionally, there is a great Lease Agreement in place until 2032, and the Seller is willing to train the Buyer after possession.

For those interested in the financial details, the monthly rent and TMI (taxes, maintenance, and insurance) amount to $5,243 ($34.00 Net + $15.00 TMI) + HST until April 2025. The net rent will increase to $36.00 + HST from years 4-7 and to $38.00 + HST from years 8-10. The lease term extends until April 2032 with an option to extend for an additional 5 years.

As for the property details, it is located at #3 - 2070 RYMAL RD E in the city of Hamilton, Ontario, with the postal code L0R1P0. Specifically, it is situated in the community of Rural Glanbrook and is fully air conditioned, providing a comfortable environment for both customers and staff.