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940 – Major Brand Restaurant – $99,000

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This is a turnkey opportunity for a new operator. This restaurant/lounge is on a high traffic artery with strategic frontage location. Fully equipped kitchen and lower level storage area. Over $2M was spent in the complete renovation 4 years ago. Exciting opportunity at an unbelievably low entry price.  Can be sold with the brand name franchise  or the concept can be changed.

IT’S A ONCE IN A LIFTIME OPPORTUNITY!

Sales: Gross sales: 2017 $1.1M per year

Size in sq. ft. 5,712 sq. ft. on main; 1,741 sq. ft. on lower level; plus 1,250 sq. ft. on patio

No. of Seats: 100 seats in dining room; 60 seats in lounge; 40 seats on patio

Number of parking stalls: Lots of parking

Financing: Treat as clear title

Style of cuisine: Casual dining

Customer Demographics: Wide range of ages; business people; residents in surrounding communities.

Type of service: Table

Hours of operation:
Sunday – Thursday 11 am – 9 pm

Friday & Saturday 11:30 am – 11 pm

Number of employees: As required

Leasing information:

Rate per sq. ft.  

Years 1 – 5:   $31.75   $181,356.00 per annum /$ 15,113.00 per month

 Years 6 – 10: $34.75   $198,492.00 per annum /$ 16,541.00 per month

 C.A.M.            (2018)  $12.24 per sq. ft. or $5,826.24 per month                                                                                           

Lease Term:     10 Years commenced September 16, 2013

Option periods: 2 x 5 years each 

 

 


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