Chris Doehner | 1040 – Profitable Asian Restaurant in Superb Location – OFF MARKET

 

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1040 – Profitable Asian Restaurant in Superb Location – OFF MARKET

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1040 – Profitable Asian Restaurant in Superb Location – OFF MARKET

Superb opportunity to own a very successful, highly profitable Asian themed restaurant in a tip-top location. This professionally managed operation is located in a high-income neighbourhood with desirable demographics and plenty of traffic. The restaurant has deep roots in the neighbourhood and beyond and is well known for its strong brand, quality food and fantastic ambience.

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

Business information:

Gross Sales: $1.6M 
Size in sq. ft.: 2,900 sq. ft.
Number of Seats: Licensed for 150; actual 120
Number of Parking Stalls: Lots of parking in shopping center lot
Style of cuisine: Asian
Customer Demographics: Wide range of ages; families, business people, seniors, young affluent couples
Type of service: Table
Hours of operation: 12 - 10 pm
Number of employees: 20 – with 50% full-time and 50% part-time

Leasing information:

Rate per sq. ft.$16,756 per month which includes rent, CAM and GST.
C.A.M.: Included in above monthly amount
Lease Term: Renewal in March 2020
Option Periods:  Two 5-year options
Deposit held by Lessor: One month’s basic rent, plus 50K
Financing: Treat as clear title

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