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Listed by:

Coldwell Banker Southwest Realty Commercial

Profitable Chinese Restaurant In High Traffic Location Corunna For Sale

Corunna, Ontario, Canada
Asking Price:
$1,495,000 (CAD) Furniture / Fixtures included
Sales Revenue:
$1M - $5M (CAD)
Cash Flow:
Undisclosed

Golden Palace Restaurant - Established 44 years ago (Cantonese, Szechwan & Other Asian)

Located in Sarnia-Lambton - 380 Lyndoch Street (St. Clair Parkway) Corunna

Excellent customer base in a high income municipality - Average household income $118,000

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

Building is 4000 sq.ft on 0.71 acres with 186 feet of frontage, (50 car parking spots)

Property Information

Real Estate:

Real Property Included

Living Accommodation:

Second floor is zoned to support residential.

Location:

Corunna, Ontario (Sarnia-Lambton

Premises Details:

4000 sq.ft building with 32 tables and chairs to accommodate 130 patrons
Sale includes all restaurant equipment
Restaurant has a liquor license

Size in square feet:
4,000

Business Operation

Expansion Potential:

Owner wants to retire. Presently only doing take out and catering mainly to large industry functions. Opportunity to do more marketing offering full restaurant service with a highly capable staff that has very little turnover. Brand is well established.

Competition / Market:

Only Chinese restaurant in the community. Community has mainly fast food outlets with a few family restaurants

Reasons for selling:

Retirement

Trading hours:

11:00 am - 10.00 pm

Employees:
10
Years established:
44

Other Information

Support & training:

Owner will provide training. Several key staff have been with the restaurant for many years.

Owner financing:
Owner financing is available. Please contact the seller for more information.

Listed by

Coldwell Banker Southwest Realty Commercial