1173 – BLOW OUT – PRICE REDUCTION! Restaurant row!

$ 380,000

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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