$199,000
For sale: Other

Excellent opportunity to acquire a fully equipped, turnkey Japanese sushi restaurant in an established Richmond Hill community. Located at Unit 6, 10800 Bayview Avenue, the restaurant occupies approximately 865 sq. ft. and offers an efficient operating format suitable for an owner-operator or an established restaurant group seeking an additional location.The premises feature an existing restaurant layout, kitchen infrastructure, equipment and operational setup, subject to the final equipment and chattel list. A buyer may continue the existing sushi concept or operate under their own brand. The premises may also accommodate another permitted food-service concept, subject to the landlord's approval, lease assignment requirements, zoning and applicable licensing.The current lease runs until February 28, 2029, with two additional five-year renewal options, subject to the terms of the lease. There is no Percentage Rent provision.Financial statements, sales information, equipment details and lease documents may be provided to qualified buyers after execution of a confidentiality agreement.Please do not go directly or speak with employees. All showings must be arranged through the listing brokerage.
Sold data
Homes in Richmond Hill (Devonsleigh) took a median of 25 days to sell over the last 90 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 50, across 563 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 57 days.
The median sale price was $1,100,000.
Homes sold for about 3.3% below asking on average, so there was room to negotiate.
About 25% of sales closed above the list price.
Around 15% of sellers reduced their price before finding a buyer.
Based on 563 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Richmond Hill (Devonsleigh) has 43 Fraser Institute–rated schools (35 elementary and 8 secondary), averaging 7.5/10.
School ratings from the Fraser Institute's Ontario school report cards.
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