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$250,000
Available - For Sale
Listing ID: X11888650
This is a rare opportunity to own a piece of Ottawa's culinary history! Established over 40 years ago, this iconic restaurant has been a cornerstone in the community, serving generations of families with its traditional Cantonese-style Chinese cuisine. Located in the heart of Ottawa, this business occupies a spacious 4,800 square feet on each level for around 9,600 square feet! The lower-level banquet hall is perfect for hosting events, comfortably accommodating up to 70 guests. Total seating for 350+ patrons & fully liquor licensed, the sale includes all equipment, tables, chairs, etc., and 11 dedicated parking spaces. Continue the tradition of excellence that has made it a beloved destination for Cantonese cuisine in Ottawa. An iconic piece of Ottawa's culinary scene & continue serving the community with a legacy of delicious food and exceptional service. Business for sale only, not building.
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $12,500 $25,000 $37,500 $50,000
First Mortgage $237,500 $225,000 $212,500 $200,000
CMHC/GE $6,531.25 $4,500 $3,718.75 $0
Total Financing $244,031.25 $229,500 $216,218.75 $200,000
Monthly P&I $1,045.17 $982.93 $926.05 $856.58
Expenses $0 $0 $0 $0
Total Payment $1,045.17 $982.93 $926.05 $856.58
Income Required $39,193.76 $36,859.9 $34,726.81 $32,121.92

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
HOMEART REALTY SERVICES INC.

700 Somerset St West , West Centre Town, K1R 6P6, Ontario


 
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Type: Com - Sale Of Business
Area: Ottawa
Municipality: West Centre Town
Neighbourhood: 4205 - West Centre Town
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Lot Size: 100.00 x 99.19(Feet)
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Tax: $10.5
Maintenance Fee: $0
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