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912 – Restaurant & Lounge $95,000

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This is a large well-located restaurant and lounge with 9 VLTs. Concept can be changed to give the business new energy. Priced well below replacement. BRING YOUR IDEAS! Very motivated vendor.

Sales: Gross sales: $60,000 per month

Size in sq. ft. 7,000 sq. ft.

No. of Seats: 180 in lounge; 150 in restaurant

Number of parking stalls: LOTS of parking in shopping center lot

Financing: Treat as clear title

Style of cuisine: Features sushi

Customer Demographics: Locals from surrounding neighborhoods & businesses. VLT players with lots of regulars

Type of service: Table

Hours of operation:
11 am – 11 pm

Number of employees: 7 – 8

Leasing information:

Rate per sq. ft. $21 – $22 per sq. ft.; gross monthly rent approx. $23,000 which includes rent, CAM, GST AND ALL UTILITIES.
C.A.M. Included in above monthly amount
Lease Term: 9 years left             Option periods: Two 5-year options
Deposit held by Lessor: 1 month


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