Chris Doehner | 1035 – Iconic Restaurant with Location, Location, Location $245,000

 

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1035 – Iconic Restaurant with Location, Location, Location $245,000

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1035 – Iconic Restaurant with Location, Location, Location $245,000

This landmark restaurant has been a fixture for many, many years. The restaurant now offers western and Mediterranean food in a lively, fun atmosphere. There are two different patio areas to enjoy their delicious food! The area surrounding the restaurant has been developed over the last number of years with many high-end luxury condos and re-development continues. Great opportunity to bring your own concept to this landmark location!

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

Business Information

Gross sales: $300,000 last year
Size in sq. ft.: 1,711 sq. ft. on main; plus 1,325 sq. ft. on second floor
No. of Seats: Total 105 plus up to 60 on 2 patios
Number of Parking Stalls: One dedicated plus first-come, first-served basis on-street
Style of cuisine: Casual dining; presently western and Mediterranean cuisine
Customer Demographics: Wide range of ages; business people; locals; tourists
Type of service: Table
Hours of Operation: 11 am – 2 am
Number of Employees: 5

Leasing information:

Rate per sq. ft.$7,720 per month which includes rent, CAM and GST.
C.A.M.: Included in above monthly amount
Lease Term: 3.5 years left
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.