304 Front St - Restaurant FOR SALE


Belleville, ON K8N 2Z8
$1,899,900 CAD
613-969-9907

NO PHOTO

$1,899,900 CAD
Restaurant - FOR SALE
null | Request Cap Rate

304 Front St
Belleville, ON K8N 2Z8


OVERVIEW

Very rarely does a flawlessly renovated building that contains not one, but two incredible businesses become available for sale. This 6700 square foot building contains not only one of the most well known restaurants in the Quinte area, but also a successful short term rental business known as the L'Auberge de France Inn. The first floor is home to a 34 seat gourmet restaurant and bakery known as L'Auberge de France that has a thriving dine-in and takeaway business. A bustling front patio in the summertime, which increases the number of seats to 58 , is regularly filled at lunch time and on weekends. Multiple income streams are derived from dine-in, take out, two large freezer cases for make-at-home dinners, wine sales, and a thriving online order business. In recent years, as the owner has begun to think about retirement, the restaurant's schedule has been reduced to 4 days a week. This represents a HUGE UPSIDE OPPORTUNITY for someone who wants to open in the evenings for dinner, stay open on additional weekdays, or cater events. One only needs to stop by during any lunch hour or Saturday morning to see the huge demand for additional hours that is present here among a large and loyal customer base. The layout of the main kitchen and the lengthy list of equipment included in this sale is a restaurateurs dream. An open concept layout lets the dining room and the Chef's kitchen blend seamlessly and function at maximum efficiency. The top two floors have been transformed into a two bedroom, two bath, 4000 sq ft one a kind AirBnb is currently booking into March 2025. As with the rest of the building, the seller undertook a full renovation down to the studs that has resulted in the creation of a one of a kind space that will provide income for years to come. On the West side of the third floor there is 572 sq ft of additional space with its own private entrance that could potentially be converted into a second AirBnb or an owners suite. *Check out the HD virtual tour* **** EXTRAS **** *A detailed info package that includes financials, projections, a full list of equipment, a breakdown of sales, etc., is available after a standard confidentiality agreement is signed

FOR SALE DETAILS

PRICE

$1,899,900 CAD

PRICE/SF

$283 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1868

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C2-3

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Andrew WalmsleyRe/Max Quinte Ltd., Brokerage - BellevilleMore Info
613-969-9907

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Andrew WalmsleyRe/Max Quinte Ltd., Brokerage - BellevilleMore Info
613-969-9907

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.