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904 – Popular Diner – $199,000

eggs-benedict
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This is a newly constructed diner in the heart of Kensington. The demographics are upwardly mobile, trendy professionals who love to patronize their own community. The business has been very well received since opening a few months ago. Fully equipped with all new kitchen, premises, washrooms etc. Great opportunity for someone who wishes to get into the diner business in a perfect location.

Sales: Gross sales: $55,000 – $65,000 per month

Size in sq. ft. 2,507+/- sq. ft.

No. of Seats:  72

Number of parking stalls: 2 at $150 per month each; first-come, first-served basis on-street

Financing: Treat as clear title

Style of cuisine: Casual dining; breakfast and lunch

Customer Demographics: Wide range of ages; business people; locals; shoppers

Type of service: Table

Hours of operation:
7 am – 6 pm; seven days a week

Number of employees: 15 – 18 – mixed full-time and part-time

Leasing information:

Rate per sq. ft. Base rent $7,312 per month
C.A.M. $4,185.11 INCLUDING UTILITIES
Lease Term: Years 1 – 5 is $35 per sq. ft. (Dec. 1, 2015 – Nov. 30, 2020)

Years 6 – 10 is $40 per sq. ft. (Dec. 1, 2020 – Nov. 30, 2025)

Option periods: Two 5-year options at fair market value
Deposit held by Lessor: 1 month (to be verified)


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