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925 – Great Restaurant on Restaurant Row – $439,000

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      This is a newly-renovated, free-standing restaurant on a busy restaurant row! It has it’s own parking lot and a fully-equipped kitchen and washrooms. The concept can be kept or changed to a new owner’s choice. Rent is very competitive for the area and the Landlord is very approachable! It’s priced below cost of renovation!  A great location like this doesn’t come up very often – DON’T MISS IT!

Sales: Gross sales: $60,000 per month

Size in sq. ft. 4,000 sq. ft. with 2,000 on main plus 2,000 sq. ft. downstairs

No. of Seats: 109 plus 49 on patio

Number of parking stalls: 9 dedicated plus first-come, first-served basis on-street

Financing: Treat as clear title

Style of cuisine: Casual dining

Customer Demographics: 25 – 45 years average age; millennials; business people

Type of service: Table

Hours of operation:
Sunday, Monday, Tuesday 4 pm – 10 pm; Wednesday 4 pm – 11 pm;

Thursday 4pm – 1 am; Friday and Saturdays 4 pm – 2 am

Number of employees: 2 full-time and 18 part-time

Leasing information:

Rate per sq. ft. Gross monthly rent approx. $11,644 which includes rent, CAM and GST.
C.A.M. $13.70 but included in above monthly amount
Lease Term: 3 years left – goes to June 26, 2020

Option periods: One 5-year option
Deposit held by Lessor: $6,500


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