$ 129,900

1131 Richmond Street, London East

Turnkey restaurant business opportunity in one of London's most recognizable high-traffic locations, just steps from Western University! Business only-the building is not included. Situated in a thriving commercial corridor, this well-established restaurant benefits from exceptional visibility, constant vehicle and pedestrian traffic, and a steady customer base fueled by more than 40,000 Western University students, faculty, staff, and visitors year-round. The area sees increased activity during orientation, Homecoming, sporting events, convocations, conferences, and numerous campus events, making it an ideal location for a food service business.Banana Burger has earned a strong local reputation for its fresh smash burgers, fries, poutine, and banana pudding, . The business is fully operational and offers an excellent opportunity for an owner-operator or investor looking to step into an established and profitable operation.The sale includes the business only, along with the existing kitchen equipment and chattels, providing a seamless transition for new ownership. A complete list of inclusions and exclusions is available upon request. Customers enjoy excellent street exposure, convenient rear parking, and easy access for dine-in, takeout, and delivery services. Whether you're expanding your portfolio or entering the restaurant industry for the first time, this is a rare opportunity to acquire a successful business in one of London's busiest and most desirable commercial locations. (id:1945)
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Property details for 1131 Richmond Street, London East

Type
Commercial
Lot Size
Unit=43.5 FT
Heating
Forced air, Natural gas
Cooling
Fully air conditioned

Nearby Listings Stat

Estimated price and comparable properties near 1131 Richmond Street

Active Listings
147
Min Price
$45,000
Max Price
$5,000,000
Avg Price
$605,511
Days on Market
68
days
Sold Listings
52
Min Sold Price
$45,000
Max Sold Price
$1,900,000
Avg Sold Price
$608,212
Days until Sold
63
days

Neighbourhood Census Data

London, Ontario

Population
240
Median Age
31.1
Dwelling Value
$449,571

Housing Tenure

Owners 55%
Renters 50%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 2.2
Pop. Density: 770.2/km²
Avg Shelter Cost: $1,291/mo
Owners with Mortgage: 0%
English only: 85.4%
English and French: 12.5%
Median Household Income: $69,205

Price History

Listed
July 17, 2026
by RE/MAX ADVANTAGE REALTY LTD.
Current Price
$129,900
Type
Commercial
For Sale
1131 Richmond Street

Contact Agent Get in touch about 1131 Richmond Street, London East

CHANDARY OUCH
RE/MAX ADVANTAGE REALTY LTD.

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