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$325,000 Rent
Listed 12 hours ago
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Key Facts
Key facts for
Property Type
Commercial
Parking
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MLS #
A2259519
Size
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Basement
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Listed on
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Lot size
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Days on Market
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Year Built
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Maintenance Fee
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Description
**LOCATION WITHHELD AT SELLER’S REQUEST** Well Established, Profitable Inner City Italian Restaurant Here is the perfect opportunity to acquire a long running, profitable inner city restaurant with a loyal following. This Italian style neighbourhood restaurant has been owned and operated by the sa...me chef/owner for many years, earning a great reputation for casual evening dining or a special event destination and is regularly recommended by local dining guides. Why this is a strong buy * Consistent years of profitable operations * Proven profitability and straightforward operations: small footprint, modest staffing needs, and systems in place that suit an owner operator or investor looking for low overhead. * Solid reputation for classic, “made from scratch” Italian dishes (pasta, veal parm, calamari and house sauces are frequently singled out by diners). * It’s longstanding local presence is trusted by repeat patrons and positioned near high foot traffic inner city attractions (making it a dependable choice for both residents and visitors) * Very attractive lease terms relative to comparable inner city spaces (details available upon request). * Flexible format: Can be open for full dinner and lunch service, private event capability (small banquets/cocktails), established catering relationships. What guests say (market sentiment) * Frequently praised for authentic flavours, attentive service, and a warm, family run atmosphere. Key selling points are; * Turnkey kitchen and dining room with proven menus and supplier relationships. * Compact staff roster and straightforward operations make this an ideal purchase for an owner/operator or small management team. * Strong local awareness and regular weekend dinner bookings provide a solid base to continue to grow revenue with modest marketing or extended hours. Included with sale * Fixtures, fittings and kitchen equipment (list available on request) * Transferable vendor contacts and catering relationships * Financial summaries and rent/lease abstracts available to qualified buyers A full due diligence packet will be provided once a confidentiality agreement is in place, call to start the next steps!
Courtesy of: CIR Realty
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