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GTA Restaurant Opportunity Of A Lifetime In Durham Region For Sale

For Sale

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For Sale

Overview

Business services, Services
Property Type

Description

Durham Region,
Ontario, Canada

Asking Price:

$949,000
(CAD)

Sales Revenue:

$1M – $5M
(CAD)

Cash Flow:

Available on request

Legendary Full Service Family Restaurant

Established 50+ Years

Located Eastern GTA
Long Lease
Very Profitable/Established Systems/No Royalties
Easy to Operate/Short Hours
Upside by simply expanding opening hours
Payback in less than 2.5 years.

To Make contact please respond to this ad with your full name, phone number and

details about previous restaurant experience.

BROKERS WELCOME AND PROTECTED.

For more information, please contact us by using the form below.

Property Information

Real Estate:: Lease

Lease Terms:: New 10 year lease plus 5 year option.

Leasehold Rent:: $180,000 (CAD)
per annum

Living Accommodation:: Rent Includes a 3 bedroom apartment.

Possibility to purchase or rent family home within walking distance if required.

Location:: Prime Highway Location

Premises Details:: Free standing building

Business Operation

Expansion Potential:: Easily increase sales with no additional fixed costs by expanding opening hours.

Lots of salaries in expenses that can be taken over by owners or family.

Competition / Market:: Limited

Reasons for selling:: 50+ years in same family. Owner retiring.

Employees:: 30+

Years established:: 50+

Other Information

Support & training:: Owners will train and will provide ongoing support at no cost. Owners are committed to ongoing success of the business. Ideal for family business with relatives who want to work.

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