557 Wellington Road, London South - South R

Very profitable and high-performing Crabby Joe's Bar & Grill franchise located in a prime area of London directly across from a major hospital complex. This established location boasts very impressive annual sales with a long history of strong and consistent performance. Large 4,500 Sq Ft restaurant plus a 1,500 Sq Ft basement featuring an efficient rectangular layout, a recently expanded patio, and seating for 216 inside plus 70 on the patio. The kitchen is fully equipped with a 25-ft commercial hood, 3 walk-ins, and top-of-the-line equipment throughout.Excellent opportunity for an owner-operator or investor with approximately 10% NOI on top of owner salaries. Royalties are 5% + 2%, and the attractive lease rate is $13,183 Gross Rent including TMI plus percentage rent with a term of 6 + 5