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$299,000
Available - For Sale
Listing ID: W12039304
This profitable, turn-key restaurant, bar and event venue offers a dynamic business model that caters to diverse customer needs throughout the day and night. During the day, it can be operated as a vibrant restaurant with a full-equipped kitchen, serving delicious meals in a welcoming environment. As the sun sets, the venue transforms into a lively bar, featuring DJ sets and live music to create an exciting nightlife experience. With a focus on private events, this venue is perfect for hosting corporate functions, birthday celebrations, and other special occasions. The current liquor license allows for the smooth operation of both the restaurant and bar, making it an attractive option for those looking to enjoy a drink with their meal or celebrate in style. The space is fully equipped and ready to run, providing a seamless transition for a new owner. Additionally, there is an opportunity for expansion with an adjacent 2,000 sq ft of space that is secured under the current lease with the landlord, offering potential for growth and additional revenue.
Price $299,000
Taxes: $1
Tax Type: Annual
Monthly Condo Fee: $1
Occupancy by: Owner
Address: 401 Magnetic Driv , Toronto, M3J 3H9, Toronto
Postal Code: M3J 3H9
Province/State: Toronto
Directions/Cross Streets: Dufferin St & Steeles Ave W
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Without Property
Use: Bar/Tavern/Pub
Building Percentage: F
Total Area: 1,402
Total Area Code:  Square Feet
Retail Area Code: Sq Ft
Area Influences: Major Highway   Public Transit
Business/Building Name: Jay Jay Venue
Financial Statement: F
Chattels: T
Franchise: F
Days Open: O
Hours Open: 5 p.m-1
Employees #: 10
Seats: 60
Maintenance: 0
Sprinklers: Yes
Rail: N
Heat Type: Gas Forced Air Open
Central Air Conditioning: Yes
Sewers: Sanitary
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
KW Living Realty

401 Magnetic Driv , Toronto, M3J 3H9, Toronto


 
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At a Glance:
Type: Com - Sale Of Business
Area: Toronto
Municipality: Toronto W05
Neighbourhood: York University Heights
Style:
Lot Size: x 1.00(Feet)
Approximate Age:
Tax: $1
Maintenance Fee: $0
Beds: 0
Baths: 2
Garage: 0
Fireplace: N
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