Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Listed by:

Coldwell Banker Southwest Realty Commercial

Chinese Restaurant/property In Corunna For Sale

Corunna, Ontario, Canada
Asking Price:
$1,600,000 (CAD) Furniture / Fixtures included
Sales Revenue:
$1M - $5M (CAD)
Cash Flow:
Available on request

Golden Palace Restaurant - Established 43 years (Cantonese, Szechwan & other Asian foods).

Strong customer base with municipal average household income $118,100 or median $98,000 (Local population 14,659 residents).

High sales and income return.

4,000 sq.ft building with 32 tables & chairs to accommodate 130 patrons/takeout.

186 feet of frontage on high-traffic Lyndoch Street, (St. Clair Parkway) 50 parking spots.

Strong industrial base - Nova Chemicals, Shell, Suncor, Enbridge, CF Industries, Dow Canada.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

There are number of rooms above the restaurant that were developed as living accommodation but are either empty or being used for storage.

Location:

Located in Sarnia-Lambton in St. Clair Township in the community of Corunna. The street address is 380 Lyndoch Street (St. Clair Parkway) This is a high traffic location. There is significant development in Corunna. Nova Chemicals recently completed $2 Billion expansion with a new world-class plant, a new whiskey plant has been announced along with other projects.

Premises Details:

The building is 4,000 sq.ft. There is seating for 130-patrons. The COM zoning permits a residential use above the restaurant. A new 25,000 sq.ft. St. Clair Medical Centre has just been completed behind the restaurant. The restaurant site is a high-profile site.

Size in square feet:
4,000

Business Operation

Competition / Market:

There are only a few Chinese restaurants in all of Sarnia-Lambton. There are half dozen restaurants in Corunna. They are primarily focused on North American styled dining and take-out pizza, fast food.

Reasons for selling:

Retirement

Trading hours:

Monday to Friday 11:00 am-8:00 pm

Saturday and Sunday
3:00 pm-8:00 pm

Employees:
10
Years established:
1980

Other Information

Support & training:

Low staff turnover. Ower willing to assist with transition.

Relocatable:
This business can be relocated.

Listed by

Coldwell Banker Southwest Realty Commercial