$499,999
Available - For Sale
Listing ID: X12280569
224 Graham Road , West Elgin, N0L 2P0, Elgin
| Opportunity to own a highly profitable and long-standing pizza restaurant in the heart of West Lorne! Out to Lunch Pizza has been proudly serving the community for over 16 years, with strong support from local schools, churches, the medical centre, and the West Lorne Minor Hockey Association. Recently renovated, the restaurant features two outdoor patios and a liquor-licensed indoor dining areamaking it the only licensed establishment in town and providing a unique competitive advantage. The sale includes all equipment, including commercial-grade pizza ovens, flat top grills, and fryers. Currently operating just six days a week, there is significant untapped potential to increase revenue by introducing delivery service (frequently requested), launching online ordering, opening for breakfast and on Sundays, and utilizing the existing tap beer system. There is also an exciting opportunity to host live music events and build a social media presence, as the business currently has no online marketing or social platforms in place. Included in the affordable lease is a separately metered commercial unit of approximately 700 SFideal for launching another business or generating rental income. The lease has recently been renewed on competitive terms through 2033. With strong financials, consistent catering demand, deep community roots, and plenty of avenues for growth, this is a rare chance to acquire a turnkey restaurant with proven performance and excellent future potential. Financials available upon request with a signed confidentiality agreement. |
| Price | $499,999 |
| Taxes: | $0.00 |
| Tax Type: | N/A |
| Assessment Year: | 2024 |
| Occupancy: | Owner |
| Address: | 224 Graham Road , West Elgin, N0L 2P0, Elgin |
| Postal Code: | N0L 2P0 |
| Province/State: | Elgin |
| Directions/Cross Streets: | Main St |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Without Property |
| Use: | Restaurant |
| Total Area: | 2219.00 |
| Total Area Code: | Square Feet |
| Retail Area Code: | Sq Ft |
| Financial Statement: | T |
| Chattels: | T |
| Franchise: | F |
| Hours Open: | Mon-Wed |
| Employees #: | 6 |
| Seats: | 50 |
| Washrooms: | 0 |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Yes |
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Sumit Chopra
Broker
Dir:
647-964-2184
Bus:
905-230-3100
Fax:
905-230-8577
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Sale Of Business |
| Area: | Elgin |
| Municipality: | West Elgin |
| Neighbourhood: | West Lorne |
| Fireplace: | N |
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