1195 – Totally Renovated Vietnamese Restaurant!
$ 229,000
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This restaurant has been totally renovated, including kitchen equipment. Although presently Vietnamese, it could be converted to any other cuisine. Many customers come from the Asian Market. The rent is competitive with market rent in the area. Shows like new so don’t miss this opportunity!
Sales: Gross sales: 2023 – $875,592 and in 2024 – $679,737
Size in sq. ft. 2,800 sq. ft.
No. of Seats: 90
Number of parking stalls: Parking in rear of building with rear access to restaurant
Financing: Treat as clear title
Style of cuisine: Casual dining; Vietnamese cuisine
Customer Demographics: High traffic area backing on to Asian Market so lots of market customers
Type of service: Table
Hours of operation:
Wednesday, Thursday & Sunday 11 am – 8 pm
Friday & Saturday 11 am – 9 pm
Closed on Monday and Tuesday
Number of employees: 10 – including 8 full-time plus 2 part-time
LEASING INFORMATION:
Rate per sq. ft. $26 per sq. ft.; gross monthly rent approx. $6,370 which includes rent & GST.
With CAM included monthly rate is $9,123.81.
C.A.M. $11.80 per square foot but included in above monthly amount
Lease Term: 1.5 years left Option periods: One 5-year option
Deposit held by Lessor: $17,150