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$50,000
Available - For Sale
Listing ID: E6130540
Great Location, , In The Heart Of Scarborough's Well Known Scarborough Village Mall With Busy Traffic. Adjacent To The Popular Skycity Shopping Centre. The Restaurant Has Been Operating Profitably For 13 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. New Buyer To Assume The Existing Lease And May Negotiate Longer Lease With The Landlord.
Extras:   Current Monthly Gross Rent $10,053.30 (Net Rent $7,261.50 + TMI: $2,792 ) + HST. The Lease Will Be Expired On March 31,2025. Qualified Buyer May Negotiate With The Landlord For Extending Another 5 Years Term. Tenant Pays All Utilities.
Price $50,000
Taxes: $19.8
Tax Type: T.M.I.
Occupancy by: Tenant
Address: 3290 Midland Ave , Unit 6R & , Toronto, M1V 3Z9, Ontario
Apt/Unit: 6R &
Postal Code: M1V 3Z9
Province/State: Ontario
Directions/Cross Streets: Midland/Finch
Zoning: Commercial
Category: Without Property
Use: Restaurant
Building Percentage: N
Total Area: 1,692
Total Area Code:  Sq Ft
Retail Area: 1692
Retail Area Code: Sq Ft
Area Influences: Public Transit  
Business/Building Name: Scarborough Village Mall
Financial Statement: N
Chattels: Y
Franchise: N
Days Open: 6
Hours Open: 5-5
Employees #: 5
Seats: 80
LLBO: N
Gross Income/Sales: $1250000
Operating Expenses: $1100000
Net Income Before Debt: $150000
Year Expenses: 2022
Expenses Actual/Estimated: $Est
Heat Type: Gas Forced Air Open
Central Air Conditioning: Y
Water: Municipal
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Interest Rate: %  
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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 $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
VISAR REALTY INC.

3290 Midland Ave , Unit 6R & , Toronto, M1V 3Z9, Ontario


 
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Type: Com - Sale Of Business
Area: Toronto
Municipality: Toronto
Neighbourhood: Milliken
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Tax: $19.8
Maintenance Fee: $0
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