Chris Doehner | 1029 - Popular Restaurant Row - Only $119,000

 

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1029 - Popular Restaurant Row - Only $119,000

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1029 - Popular Restaurant Row - Only $119,000

This is a popular business in a great location in the trendy Mission neighbourhood. Seats for eating in with massive delivery service through Uber Eats. Features open kitchen and the space has been fully renovated – very shiny and clean! Licensed for alcohol. Downstairs used for storage and refrigeration. Lots of walk-by traffic on 4th Street SW!

This opportunity will not last long – contact Chris to arrange a showing ASAP!

Business Information

Gross sales: $400,000 – $450,000 per year
Size in sq. ft.: 850 sq. ft. on main; plus 900 sq. ft. downstairs
No. of Seats: 25
Number of Parking Stalls: None dedicated
Style of cuisine: Asian theme presently – could be changed to any concept
Customer Demographics: Wide range of ages; business people; locals; lots of regulars; younger demographics
Type of service: Counter
Hours of Operation:
11:30 am – 9 pm Monday to Thursday
11:30 am – 10 pm on Friday; 3 pm – 9 pm on Sunday
Number of Employees: 5 with 2 full-time and 3 part-time

Leasing information:

Rate per sq. ft.:  $6,100 which includes rent, CAM and GST plus $900 per month for lower level
C.A.M.: Included in above monthly amount
Lease Term: 7 years left of a 10-year lease
Option Periods: One 5-year option
Deposit held by Lessor: 1 month
Financing: Treat as clear title

Please contact Chris for any questions or to set up a showing.