Great Location, In The Heart Of Scarborough - Evergold Centre With Busy Traffic. The Restaurant Has Been Operating Profitably For More Than 18 Years. Ideal For New Buyer To Operate The Same Cuisine And Can Also Be Converted To Any Other Cuisines. All Chattels And Equipment Are Included. Unit 8 (383sf); Unit 10 - 2,412sf- Ground Fl with 130 Seating & 2,184sf Basement with 40 Seating. The Basement Is Legally Zoned For Restaurant Use. |
Extras: New Buyer Will Sign New Lease With The Landlord At 1st Year Monthly Net Rent Of $10,000/mon and 3% increment in subsequent years For 10 Year Term. Current TMI- $5,000/month To Be Reviewed On Annual Basis. |
Price | $170,000 |
Taxes: | $5000.00 |
Tax Type: | T.M.I. |
Occupancy by: | Tenant |
Address: | 3833 Midland Ave , Unit 8 &10, Toronto, M1V 5L6, Ontario |
Apt/Unit: | 8 &10 |
Postal Code: | M1V 5L6 |
Province/State: | Ontario |
Directions/Cross Streets: | Midland/Mcnicoll |
Category: | Without Property |
Use: | Restaurant |
Building Percentage: | N |
Total Area: | 4979.00 |
Total Area Code: | Sq Ft |
Retail Area: | 4979 |
Retail Area Code: | Sq Ft |
Area Influences: | Public Transit |
Business/Building Name: | Fortune Seafood Restaurant |
Financial Statement: | N |
Chattels: | Y |
Franchise: | N |
Days Open: | 7 |
Hours Open: | 9-12Am |
Employees #: | 18 |
Seats: | 170 |
LLBO: | Y |
Gross Income/Sales: | $2200000 |
Net Income Before Debt: | $180000 |
Year Expenses: | 2023 |
Expenses Actual/Estimated: | $Est |
Heat Type: | Gas Forced Air Open |
Central Air Conditioning: | Y |
Water: | Municipal |
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
VISAR REALTY INC. |
|
Book Showing | Email a Friend |
Type: | Com - Sale Of Business |
Area: | Toronto |
Municipality: | Toronto |
Neighbourhood: | Milliken |
Tax: | $5,000 |