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$999,900
Available - For Sale
Listing ID: X9516108
Welcome to Bistro 54, Perth, Ontario's first & only Italian Restaurant since 2005. Located in one of Canada's oldest & prettiest towns sits this beautiful 3 story stone building, built in 1858 by European masons. What you have with this incredible business & property is a turnkey, well maintained, upgraded, solid & well established business with over 8000 seated guests per year & a proven profitability formula. Three floors of renovated space totaling 2788 sq. ft., semi-finished basement 1050 sq. ft., containing HVAC, fresh pasta production, dry storage & walk in cooler. The main floor boasts old world charm through out the 32 seat dining room, service bar, open kitchen & unisex washroom. The second floor also has a 32 seat dining room, 2 washrooms, bar & rustic exposed rough hewn joists & rafters. The third floor is the onsite 1 bedroom residence. This is your opportunity to take over the reins, showcase your culinary talents to become the next generation. Possible VTB
Price $999,900
Taxes: $7,742
Tax Type: Unknow
Occupancy by: Owner
Address: 54 FOSTER Stre , Perth, K7H 1S1, Lanark
Postal Code: K7H 1S1
Fronting On: S
Province/State: Lanark
Legal Description: Pt N 1/2 lt 2 S/S Foster St Pl 8828 Lana
Lot Size: 5.68 x 68.65 (Feet)
Directions/Cross Streets: From Hwy 7 take Drummond St., towards downtown and turn right on Foster St., property will be on the
No. of Pieces Level
Washroom 1 0
Washroom 2 0
Washroom 3 0
Washroom 4 0
Washroom 5 0
Category: With Property
Use: Restaurant
Building Percentage: T
Total Area: 3,885
Total Area Code:  Square Feet
Office/Appartment Area: 971
Office/Appartment Area Code: Sq Ft
Retail Area: 2000
Retail Area Code: Sq Ft
Approximatly Age: 100+
Business/Building Name: Bistro
Financial Statement: T
Chattels: T
Franchise: F
Days Open: O
Hours Open: 5 to 9
Employees #: 5
Seats: 60
LLBO: Y
Insurance Expense: $4382
Maintenance: 0
Gross Income/Sales: $452000
Operating Expenses: $390000
Net Income Before Debt: $0
Year Expenses: 2023
Expenses Actual/Estimated: $Est
Sprinklers: Yes
Heat Type: Gas Forced Air Open
Central Air Conditioning: Yes
Sewers: Sanitary
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KELLER WILLIAMS INTEGRITY REALTY

54 FOSTER Stre , Perth, K7H 1S1, Lanark


 
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At a Glance:
Type: Com - Sale Of Business
Area: Lanark
Municipality: Perth
Neighbourhood: 907 - Perth
Style:
Lot Size: 5.68 x 68.65(Feet)
Approximate Age: 100+
Tax: $7,742
Maintenance Fee: $0
Beds: 0
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
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