Chris Doehner | 1050 – Tandoori Palace - A Superb East Indian Restaurant – $129,000

 

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1050 –Tandoori Palace -  A Superb East Indian Restaurant – $129,000

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1050 – Tandoori Palace - A Superb East Indian Restaurant – $129,000

Tandoori Palace is a popular East Indian restaurant known for its excellent food, and located adjacent to the Glenmore Inn hotel with excellent exposure. Surrounded by residential neighbourhoods. Comes with full kitchen, lots of parking, male & female washrooms. You can keep the concept of change it to one of your choice. Don’t miss this great opportunity as it’s priced right!

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

Business information:

Gross Sales: $20,000 – $25,000 per month
Size in sq. ft.: 2,121 sq. ft.
Number of Seats: 80
Number of Parking Stalls: Lots of parking
Style of cuisine: Casual dining; East Indian cuisine
Customer Demographics: Wide range of ages; business people; locals; guests from hotel
Type of service: Table
Hours of operation:
Lunch on Monday to Friday 11:30 am – 2 am
Dinner 7 days a week 5 pm – 9 pm
Number of employees: To be confirmed

Leasing information:

Rate per sq. ft.: $5010.86 per month for rent; CAM and GST
2 years at $21/sq.ft.; 2 years @ $23/sq.ft.; $25/sq. ft. for 1 year
C.A.M.: Included in above monthly amount
Lease Term: 5 years
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.