$399,999
Available - For Sale
Listing ID: X12418092
224 Graham Road , West Elgin, N0L 2P0, Elgin
| Incredible Value Very Low Rent + Bonus 700 SF Unit Included at No Extra Cost: Seize the opportunity to own a highly profitable and long-standing pizza restaurant in the heart of West Lorne. The affordable leaserecently renewed through 2033includes a separately metered 700 SF commercial unit at no additional rent, offering endless potential for launching a second business or generating rental income while keeping overhead low. Out to Lunch Pizza has proudly served the community for over 16 years and enjoys loyal 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 areathe only licensed establishment in townproviding 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, theres significant upside to grow revenue by introducing delivery (frequently requested), launching online ordering, opening for breakfast and on Sundays, and utilizing the existing tap beer system. Theres also untapped potential to host live music events and build a social media presence, as the business currently has no online marketing or social platforms in place. With strong financials, consistent catering demand, deep community roots, and multiple growth avenues, 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 | $399,999 |
| Taxes: | $0.00 |
| Tax Type: | N/A |
| Occupancy: | Tenant |
| 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 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 |
| Category: | Without Property |
| Use: | Restaurant |
| Total Area: | 2219.00 |
| Total Area Code: | Square Feet |
| Retail Area Code: | Sq Ft |
| Business/Building Name: | OTL PIZZA RESTAURANT |
| 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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At a Glance:
| Type: | Com - Sale Of Business |
| Area: | Elgin |
| Municipality: | West Elgin |
| Neighbourhood: | West Lorne |
| Fireplace: | N |
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