Restaurant Business

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:67197)

Price

$298,000

Property Type

Business

Transaction Type

For sale

MLS® Number

C8079206

Interior Size

1100 sqft

Fireplace

No

Interior Size

1100 sqft

Acreage

No

Lease Per Unit

square feet