Description

INCREDIBLE OPPORTUNITY TO OWN A STUNNING, TURN-KEY RESTAURANT IN THE HEART OF LITTLE ITALY! Offered as a sale of business, this fully equipped and beautifully designed restaurant spans approximately 1,300 sq. ft. and includes everything you need to walk in and operate immediately. The space features a functional commercial kitchen, seating for approximately 35 guests, a large, trendy bar, two washrooms, and additional prep and storage areas in the basement with a separate back entrance and 3-car parking. Located on vibrant Preston Street, surrounded by established restaurants, retail, government offices, and residential towers, this location offers excellent exposure and consistent foot traffic year-round. The sale includes all restaurant assets, furniture, fixtures, and equipment (FF&E), valued at $100,000, but offered to purchase for $65,000. Buyers will have the opportunity to negotiate a new long-term lease with the landlord or Assignment of the Lease. Triple-net rent is $4,200/month plus HST for Base Rent, with Additional Rent of approximately $1825.73/month plus HST w/ 2.5 yrs remaining on lease until Spring 2028; Rent subject to annual Increases. Utilities are separate and paid by Tenant. Proof of restaurant experience and financial capability required. See attached feature sheet for full list of included assets. *PLEASE NOTE THIS LISTING IS CANCELLED AND NO LONGER FOR SALE*

Features

Amenities

Summary

Details