The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Turnkey Restaurant for Sale in the Heart of Downtown Napanee - Fool's KitchenAn incredible opportunity to own a thriving and beloved restaurant in the vibrant core of downtown Napanee, right on historic Market Square. Fool's Kitchen is a well-established gem with a stellar reputation, known not only locally but across Southeastern Ontario. Regularly drawing in loyal patrons from Kingston, Belleville, and beyond, this restaurant has become a culinary destination.Founded and operated by acclaimed chef David Yeung, Fool's Kitchen has been proudly featured by Bay of Quinte, Ontario Culinary, Destination Ontario, South Eastern Ontario, and in the Napanee Beaver. It was also showcased on Bell Fibe TV's "Full" alongside celebrity Chef Matt DeMille-an impressive testament to its regional acclaim. Fool's kitchen has been recently featured in Profile Kingston Magazine as a recommended foodie destination in the Kingston area.With over 3 years of successful operation, Fool's Kitchen boasts a loyal customer base, glowing 4.9-star reviews on Google, and consistent dine-in and takeout traffic. The space is fully equipped and turnkey-ready for a passionate new owner to step in and continue its success.Highlights:Prime downtown location with strong foot trafficAffordable lease at $1,552.46/month (includes water)Fully equipped kitchen and dining areaStrong brand with excellent online presenceIncludes 1 month of hands-on training from Chef David Yeung ( instagram: fools.kitchen)Access to signature recipes and techniques to maintain quality and consistencyThe sale is prompted solely by a family health matter-Chef David's passion and commitment to the craft remains unwavering. Whether you're an experienced restaurateur or an ambitious culinary entrepreneur, this is a rare chance to take over a flourishing business with a proven track record.Serious inquiries only. Don't miss out on this unique opportunity to own a piece of Napanee's culinary scene.
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Estimated Rental Income
Rental estimate coming soon
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A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$1,119/mo
Mortgage (principal + interest)$1,119
Minimum $14,950 down for this price; the slider moves in whole percent, starting at 5%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$59,800
Ontario land transfer taxProvincial brackets, no first-time refund$2,960
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$65,560
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Greater Napanee has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
