Listing Details
Co-op commission: 4%
Subtype: Storefront Retail/Residential
Business Type: Miscellaneous Restaurant and Bar
Year established: 2009
Real estate: Leased
Financial Details
Rent: $6,800
Gross revenue: $600,000
About the Business
Reason for selling:
Owner retiring
Description
-3401 Yonge Street, excellent street exposure w LCBO/Shoppers Drug Mart across the street, fully licensed -1200SF, 44 seats indoor, 40 seats outdoor, 2 parking spots in back -In operation since 2009 as a breakfast/lunch diner, strong clientele. -Sales of $600K per annum pre pandemic, with tremendous potential to increase sales & profits with longer hours -Current lease has 3 yrs remaining with 5 yr option (excellent landlord) -Lease payment is $6800/month that includes a 2BR apartment upstairs that can generate $2400/month. Therefore, $4400/month for the restaurant alone.
Location & nearby
This listing is located in Toronto, ON M4N2M8
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