685 RICHMOND Street
East F, London East, N6A 5M1
$585,000
Listed 28 days ago · MLS® X13816896
About this home
Excellent opportunity to own an established Philthy Philly's franchise at 685 Richmond Street, London, Ontario, ideally located in the vibrant downtown area. This established business generates annual sales of over 1.2 million , 100k Monthly sales and offers an excellent opportunity for an owner-operator or investor. Attractive lease terms with approximately 10 years remaining plus an additional 10-year renewal option. Monthly rent is approximately $5,650 including TMI. Benefit from an established franchise brand with LLBO & $0 marketing cost, providing ongoing brand exposure and support. Excellent location with seating capacity of 40 inside 40 patio, surrounded by residential, commercial, entertainment and student activity with strong pedestrian and vehicle traffic. A great opportunity to acquire an established food business with long-term lease security in one of London's active commercial areas.
Details
- Type
- Sale Of Business
- Garage
- None
- Neighbourhood
- East F
- Municipality
- London East
Heating, cooling and services
- Heating
- Electric Forced Air
- Air conditioning
- Yes
Building and exterior
- Building area
- 1,808 Square Feet
More
- Possession
- Flexible
- Cross street
- MILL ST., AND RICHMOND ST.,
- Business type
- Fast Food/Takeout
Location
Location is approximate. See nearby homes on the map
Recent sales nearby
See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.
The neighbourhood
Getting around Walkable
No subway, LRT or GO station within a short trip.
Within a 10-minute walk: 1 grocery store, 56 cafés and restaurants, 7 parks, 3 pharmacies. Nearest grocery: Your Independent Grocer (350 m). Nearest park: Piccadilly Park (300 m).
Schools nearby
Elementary
- St George's Public School Catholic
EQAO: Gr 6 reading 90%, math 81%11 min walk - Jeanne-Sauvé Public School
EQAO: Gr 6 reading 97%, math 58%15 min walk - Lord Roberts Public School16 min walk
- Ryerson Public School1.3 km
Secondary
- London Central Secondary School
EQAO: Gr 9 math 81%, literacy test 91%12 min walk - Catholic Central High School Catholic
EQAO: Gr 9 math 57%, literacy test 89%1.3 km - H.B. Beal Secondary School
EQAO: Gr 9 math 56%, literacy test 79%1.6 km
EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.
Closest schools, not school zones. Check which school serves this address with the school board before relying on it.
Who lives here postal area N6A
- Owners / renters
- 29% / 71%
- Median household income
- $61,200
- Average age
- 41
- Children under 15
- 7%
- Homes
- 19% detached, 55% high-rise
- Commute by transit
- 12%
- Population
- 13,810
Languages spoken most at home besides English: Spanish 1.1%, Mandarin 1%, Portuguese 0.8%, Arabic 0.6%.
Safety
Crime Severity Index for London police: 73 vs 57 for Ontario (2025).
Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.
Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.
Living here
Commute
To downtown London: 1 km. Transit times · Driving times
Noise 1 source nearby
- 🚆 Rail line (Windsor Subdivision)100 m
Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.
Internet High-speed
50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).
From the federal broadband map. Check exact speeds and providers for the address.
Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.
Listed by HOMELIFE/MIRACLE REALTY LTD.
Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.
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