Business for Sale — Richmond, BC
$299,000
1060 8580 ALEXANDRA ROAD, Richmond, BC V6X2X9
Property details
Structured details
- Zoning
- CA
- Strata/association fee
- $8,928.33/monthly
From the listing remarks
- Rent (stated)
- $12,600/mo
Stated by the listing brokerage in the remarks; not verified. Hover a value to see the exact sentence it came from.
Listing Information
- MLS®
- C8078411
- Listed
- May 1, 2026
- Time on market
- 136 days
- Data last synced
- September 15, 2026
- Source
- CREA DDF®
Description
Sale of business assets only of a fully equipped Chinese Hot Pot Restaurant on the popular Food Street of Richmond-Alexandra Road. 24 feet long exhaust hood, walk-in cooler, walk-in freezer, live seafood tank, 2 VIP rooms, and designated parking stalls. The total area is 4320 sq. ft., a new 5-year lease term plus a 5-year option to renew at a triple net rent of $35/SF ($12,600/month) only, plus property taxes and strata fee ($8,928/month). The landlord spent over $150,000, in a brand new HVAC system for the restaurant space. The business is not in operation and is ready for possession. (id:63159)
Financing calculator
Estimate your monthly payment on the $299,000 asking price.
Financing details
- Monthly debt service
- $2,902
- Cash required at close
- $84,800
- DSCR
- —
- Cash-on-cash return (yr 1)
- —
Pure arithmetic, no market assumptions — informational only, not financial advice. Enter your own stated SDE/EBITDA above to see DSCR and cash-on-cash return.
Location
Local market size (Richmond)
- Population
- 209,937(+5.9% since 2016)
- Population density
- 1,629.1/km²
- Median household income
- $79,000
Source: Statistics Canada, 2021 Census of Population.
Education
- Bachelor's degree or higher
- 36.8%
- Postsecondary below bachelor's
- 22.6%
- High school diploma
- 28.7%
- No certificate/diploma
- 11.9%
Population aged 15 and over.
Commute
- Car, truck or van
- 79.0%
- Public transit
- 13.1%
- Walked
- 5.0%
- Bicycle
- 1.2%
- Other
- 1.7%
Commute duration
- Under 15 min
- 24.5%
- 15–29 min
- 38.1%
- 30–44 min
- 24.1%
- 45–59 min
- 7.5%
- 60+ min
- 5.9%
Employed labour force with a usual workplace.
Mother Tongue
Top 10 mother tongues reported (single responses).
Nearby Places
Restaurants (5+)
- Cherry's Food House · 8580 Alexandra Road26m
- Mr. Bro · 8580 Alexandra Road30m
- Chef Pin · 8571 Alexandra Road30m
- Deer Garden Signatures34m
- Spice World · 8580 Alexandra Road45m
Cafes (5+)
- Snowy Village · 8571 Alexandra Road41m
- 100E Fruit · 8531 Alexandra Road55m
- Pika Herb and Tea Co. · 8580 Alexandra Road85m
- Chun Fun How · 4751 Garden City Road182m
- Leisure Tea & Coffee202m
Grocery (5+)
- 88 Supermarket · 4591 Garden City Road250m
- Smart N Save · 4751 McClelland Road292m
- 大統華 T&T Supermarket · 8311 Lansdowne Road428m
- Smart 'n Save491m
- Darumaya · 4700 Alderbridge Way Multi-use Pathway508m
Shopping (5+)
- Marshalls · 4751 McClelland Road314m
- Lansdowne Centre443m
- Winners496m
- Winners528m
- Excel Centre · 8766 McKim Way574m
Parks (3)
- Alexandra Court Playground · 9366 Tomicki Avenue602m
- Unnamed654m
- Unnamed768m
Gyms (5+)
- Muscle Factory · 8631 Alexandra Road72m
- Van Fitness · 4751 Garden City Road199m
- Oxygen Yoga and Fitness · 4771 McClelland Road408m
- Yogamaze Wellness Studio577m
- Epic Racquet Sports Club711m
Pharmacies (5+)
- Simples Drugs406m
- Walmart Pharmacy · 9251 Alderbridge Way547m
- McKim Care Pharmacy598m
- Service Plus Pharmacy · 4380 Number 3 Road618m
- Pharmasave · 4151 Hazelbridge Way752m
Banks & ATMs (5+)
- BMO296m
- TD · 4777 McClelland Road371m
- RBC · 4791 McClelland Road464m
- CIBC · 9231 Alderbridge Way532m
- TD532m
Healthcare (5+)
- Imperial Medical Group · 4771 McClelland Road398m
- Profile Laser & SkinCare · 4777 McClelland Road400m
- VitalAire Healthcare518m
- Megafu Medical Clinic · 9251 Alderbridge Way553m
- Foot Innovation593m
Nearby places data: © OpenStreetMap contributors.
Nearby transit
| Eastbound Alderbridge Way @ Kwantlen St | 111m | |
| Southbound Garden City Rd @ Leslie Rd | 253m | |
| Northbound Garden City Rd @ Alderbridge Way | 276m | |
| Southbound Garden City Rd @ Alderbridge Way | 304m | |
| Northbound Kwantlen St @ Lansdowne Rd | 390m | |
| Southbound Garden City Rd @ Odlin Rd | 420m |
Other business categories in Richmond
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Frequently asked questions
What is the asking price for this business?
The asking price is $299,000.
Where is this business located?
This listing is located in Richmond, British Columbia.
How current is this listing?
This listing is sourced from the CREA Data Distribution Facility (DDF®) and refreshed nightly. It was last confirmed active on September 15, 2026.