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966 – East Indian Buffet & Catering – REDUCED TO $64,900

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This is a popular East Indian Buffet in a high traffic industrial area. They also do lots of catering for their clients. The kitchen is very large with more-than-ample prep, refrigeration and storage so it’s ideal for catering, as well as running the restaurant. Business could be enhance with the serving of alcohol if a new owner wished. Priced well below replacement value!

Sales: Gross sales: $400 – $500 per day

Size in sq. ft. 2,373 sq. ft.

No. of Seats: Licensed for 44; actual slightly higher

Number of parking stalls: Lots of parking

Financing: Treat as clear title

Style of cuisine: Casual dining; East Indian Buffet

Customer Demographics: Wide range of ages; locals; lots of regulars; mainly East Indian & Pakistani

Type of service: Buffet

Hours of operation:

11 am – 3 pm for lunch then 6 pm – 9 pm for dinner on weekdays

11 am – 10 pm on Friday and Saturday

Noon – 9 pm on Sunday

 

Number of employees: To be confirmed

Leasing information:

Rate per sq. ft. $12 per sq. ft.; gross monthly rent approx. $3,200 which includes rent, CAM and GST.
C.A.M. Included in above monthly amount ($4.40 per sq. ft.)
Lease Term: Goes to February 2019             Option periods: One 5-year option
Deposit held by Lessor: Nil


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