Chris Doehner | 1050 – Well Located East Indian Restaurant – $129,000

 

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1050 – Well Located East Indian Restaurant – $129,000

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1050 – Well Located East Indian Restaurant – $129,000

This is a popular East Indian restaurant known for its excellent food.  Located close to a busy 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.