505 Princess Street

Independent quick service restaurant (QSR) located in the heart of downtown Kingston on Princess Street, currently operating as Flip & Fry. This turnkey business is open for conversion into a different concept, cuisine, or franchise, making it an excellent opportunity for an owner-operator or expanding brand. The 1,382 sq ft layout features a long service counter, seating for 30, and growing sales in one of Kingston’s busiest commercial districts. The restaurant has undergone a premium renovation with all new leaseholds, equipment, and major systems, including a brand-new commercial hood, ventilation, and mechanicals. Every aspect of the space has been updated to a high standard, creating a modern, fully equipped restaurant that is ready for its next operator. Lease rate of $4,336 Gross Rent including TMI with an excellent 8 + 5 + 5 year term remaining. One dedicated parking space is included for ownership. Please do not go direct or speak to staff or ownership. Princess Street is the major street in Kingston and it is home to over 100 restaurants from the St. Lawrence all of the way into the suburbs of the city. Surrounded by businesses, offices, tourists, residential, and of course the enormous student population. This particular strip is home to many new condo developments, student housing, and many other restaurants and fast-food restaurants with nearly constant foot traffic on the street. Property Details: This is essentially a brand-new buildout as the previous restaurant was completely scrapped for new leaseholds, systems, and equipment. The commercial unit shows like a brand new building. Great signage and 1 private parking space for ownership or staff is included in the rent.