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$170,000
Available - For Sale
Listing ID: E8175954
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: $5,000
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
Zoning: Commercial
Category: Without Property
Use: Restaurant
Building Percentage: N
Total Area: 4,979
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
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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.

3833 Midland Ave , Unit 8 &10, Toronto, M1V 5L6, Ontario


 
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Type: Com - Sale Of Business
Area: Toronto
Municipality: Toronto
Neighbourhood: Milliken
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