1154 – Super location on restaurant row!
$ 595,000
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This restaurant is in the best part of the block along a great “restaurant row” ! It’s an iconic facility with a great following. The concept can be kept as is or tweaked if a new owner wishes. The restaurant has been voted in the Top 100 in Canada for 3 years in a row. There have been magazine publications and TV spot exposures over the years! Great opportunity to take the reigns of an already very successful venture!
Sales: Gross sales: $1M per year
Size in sq. ft. 1,850 sq. ft
No. of Seats: 70 with additional 30 in summer season
Number of parking stalls: Parking for 5 but mainly walk-by traffic
Financing: Treat as clear title
Style of cuisine: Elevated comfort food and cocktails
Customer Demographics: 25 – 35 year olds ;great for date night; lots of regulars
Type of service: Table
Hours of operation:
4 pm – late; 7 days a week
Number of employees: 13 – with 4 full-time and the rest part-time
Leasing information:
Rate per month. $12,500 per month for rent, CAM and GST.
C.A.M. Included in above monthly amount
Lease Term: 5 years Option periods: One 5-year option
Deposit held by Lessor: $18,000