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1112 – Gorgeous Restaurant for Sale – now reduced to $449,000

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This is a gorgeous, fully-equipped restaurant with a super ambiance. It boasts an open-concept kitchen from the dining room. There’s access to a private dining space for small groups.There’s also office space and storage on another floor. Small, intimate patio. Has male and female washroom.  The concept can be changed. This type of very desirable restaurant doesn’t come along very often!

Sales: Gross sales: Pre-Covid sales were $2.2M – $3.1M

Size in sq. ft. 6.200 sq. ft.

No. of Seats: 150 inside and 35 on patio

Number of parking stalls: 5 dedicated plus parking lot and on-street

Financing: Treat as clear title

Style of cuisine: Western menu; steaks, burgers, salads etc.

Customer Demographics: Business people; residents of surrounding condos and apartments; some walk-by traffic

Type of service: Table

Hours of operation:
11 am – 10 pm; Tuesday to Saturday; closed on Sundays and Mondays

Number of employees: 35 – with 25% full-time and 75% part-time

Leasing information:

Rate per sq. ft. $19,000 per monthly which includes rent and CAM
C.A.M. $4,000 per month and included in above monthly amount
Lease Term: 10 months left             Option periods: To be verified
Deposit held by Lessor: $27,000


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