[Thai Coconut] Prime opportunity to acquire a well-established Thai restaurant with over 20 years of history in a highly visible and convenient location on Prince of Wales Drive. This turnkey business has built a loyal and established customer base over the years and is primarily focused on takeout, offering an established business model with consistent customer demand.The sale includes the existing kitchen equipment, dining tables and chairs, allowing the new owner to take over the operation with minimal additional setup. The current owner is also willing to provide training and transition support to help ensure a smooth handover and seamless continuation of the business after closing.The business benefits from approximately 5 years remaining on the current lease, with all-inclusive rent covering water, electricity and property taxes. The owner is responsible for gas, which typically ranges from approximately $200-$300 per month depending on the season.The lease includes two underground parking spaces, with additional underground parking available at only $50 per space per month. The building is professionally managed, with responsive property management that addresses maintenance and building-related matters efficiently. The landlord is also very cooperative, providing a supportive environment for the continued operation of the business. (id:28469)
Business
Business Type
Restaurant
Business Sub Type
Restaurant/pub
Name
Thai Coconut
Facts & features
Property
MLS® Number
X13689862
Property Type
Business
Neighbourhood
Rideauview
Community Name
4702 - Carleton Square
Building
Cooling Type
Fully Air Conditioned
Heating Type
Other
Utility Water
Municipal Water
Parking
Underground
—
Land
Acreage
No
Zoning Description
Commercial
Monthly payment estimate
$
Estimated payment—per month
Mortgage amount
—
Total interest
—
Down payments under 20% typically require mortgage default insurance (CMHC), which is not included in this estimate.
Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.
Cost of ownership
Est. monthly payment
$602/mo
Ontario land transfer tax
$1,085 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $1,085 back on land transfer tax.