Address withheld

Listed by Royal LePage Sussex

The seller has asked that the address not be shown online. Contact Mehran Salehian for the address and a showing.

$248,000

1100 sq ft

Listed 142 days ago · MLS® C8079206

About this home

Turnkey Restaurant Opportunity. A well-established restaurant operating from a prime Central Lonsdale address is available for acquisition. This turnkey hospitality venue features a fully equipped commercial kitchen, professional ventilation system, and complete dining infrastructure, allowing a purchaser to begin operations immediately, either continuing the existing concept or introducing their own. The business has demonstrated consistent revenue growth over the past three fiscal years, reaching almost $600,000 in annual sales. The premises comprise approximately 1,100 SF on the main floor with basement storage functionally dedicated to tenant operations. Monthly occupancy cost is approximately $6,660 plus GST, representing attractive value for a Lonsdale Avenue address. The incoming purchaser will have the opportunity to negotiate a new long-term lease with no demolition clause in the initial term. Further details available upon execution of a Confidentiality Agr.- DO NOT APPROACH BUSINESS (id:66966)

Details

Type: Business
Size: 1100 sq ft

Interior

Fireplace: No

Business type: Restaurant

Listed by Royal LePage Sussex.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA’s By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the professional real estate services provided by members of CREA.

The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.

Estimated monthly cost

Mortgage: $1,086
Total: $1,086

$49,600 down, 25-year amortization at 4.39%.

Cash needed to buy

Down payment: $49,600
Land transfer tax: $2,205
Legal and other costs: ~$2,500
Total: $54,305

First-time buyers can get up to $8,475 of land transfer tax back. All closing costs

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$250,000