1135 – Popular Diner – BLOW OUT PRICE $99,000
OWNER SAYS SELL NOW! PRICE REDUCED TO $99,000!! This popular diner has a loyal following of regular clients! Everything is made in-house and from scratch. Has a great kitchen which is fully equipped. The downstairs space is rent-free and used for prep, storage and office. The structure would support construction of a roof-top patio if a new owner desired. The Landlord is willing to contribute to this project. Diners of this calibre don’t come along very often! Could be converted to any other concept.
Sales: Gross sales: $50,000 per month average; $60,000 in April 2023
Size in sq. ft. 4,400 sq. ft. on main; plus 4,400 sq. ft. downstairs (free rent downstairs)
No. of Seats: 98 (licensed for 150) plus 26 on patio
Number of parking stalls: 2 dedicated plus on-street
Financing: Treat as clear title
Style of cuisine: Casual dining; diner serving 3 meals a day; everything made in-house
Customer Demographics: Wide range of ages; business people; locals; lots of regulars; visitors to trendy neighborhood
Type of service: Table
Hours of operation:
Tuesday to Thursday 10 am – 8 pm; Friday 10 am – late
Saturday 9 am – late; Sunday 9 am – 3 pm; Closed Monday
Number of employees: 8 in front of house; 9 in kitchen; 3 full-time and the rest part-time
Leasing information:
Rate per sq. ft. Base rent $30 per sq. ft. or $15,500 per month for rent, CAM and GST. Lower level is rent-free
C.A.M. Included in above monthly amount
Lease Term: 5 years Option periods: Two 5-year options
Deposit held by Lessor: 2 months (first and last months)
