Chris Doehner | 1031 - Restaurant Priced Well Below Replacement Value – OFF MARKET

 

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1031 - Restaurant Priced Well Below Replacement Value – OFF MARKET

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1031 - Restaurant Priced Well Below Replacement Value – OFF MARKET

This is a very shiny, relatively new pizza restaurant surrounded by upscale neighbourhoods. The business includes dine-in customers, pick up and delivery. There’s a gorgeous, Italian natural-gas forno oven in the center of the restaurant (cost $95,000 to buy and install).  The owner has other businesses and is “spread too thin”. This is an ideal opportunity for a hands-on owner/operator who is connected with social media. Priced WELL BELOW replacement value.

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

Business Information

Gross sales: $17,000 – $18,000 per month
Size in sq. ft.: 902 sq. ft.
No. of Seats: 30
Number of Parking Stalls: Lots of parking
Style of cuisine: Specializing in pizza
Customer Demographics: Locals; lots of regulars from upscale surrounding neighbourhoods
Type of service: Counter
Hours of Operation: Noon – 8 pm; in summer open 7 days a week
Number of Employees: 1 full-time and 2 part-time

Leasing information:

Rate per sq. ft.$5,500 monthly rent which includes rent, water, CAM and GST.
C.A.M.: Included in above monthly amount
Lease Term: 1 year of a 5-year term left
Option Periods: One 5-year option
Deposit held by Lessor: To be verified
Financing: Treat as clear title

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