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$149,000
Available - For Sale
Listing ID: E8474098
Established Hong Kong-style restaurant available in Scarborough! This well-known community favourite has been around for over 20 years and boasts a loyal customer base. Located at a high-traffic corner on Sheppard Ave and Midland Ave, the restaurant occupies a prime spot within a plaza with ample parking. This 1,100 sq ft space on the main floor features 46 seats, 2 washrooms, and basement storage. The fully equipped commercial kitchen includes a 20 ft exhaust fan and 2 walk-in fridges, perfect for supporting dine-in, takeout, and delivery services. Currently open 7 days a week from 7AM to 4PM, the restaurant generates approximately $50,000 in monthly sales and enjoys significant profits. The surrounding mature neighbourhoods and businesses create a steady breakfast and lunch rush, with the potential for significant growth by expanding dinner service. The monthly rent is $5,917 (including TMI & HST) and lease has 3.5 + 5 years remaining. This is a fantastic opportunity to own a well-established and profitable business in a prime Scarborough location. This restaurant can be rebranded to offer a different cuisine if desired.
Extras:   All Existing Chattels. All Business Numbers Are As Per Seller, Listing Broker Has As Not Verified Accuracy, Buyers Are Welcome To Perform Due Diligence.
Price $149,000
Taxes: $1,000
Tax Type: Annual
Occupancy by: Tenant
Address: 8 Glen Watford Dr , Unit G6-7, Toronto, M1S 2C1, Ontario
Apt/Unit: G6-7
Postal Code: M1S 2C1
Province/State: Ontario
Legal Description: UNIT 52, LEVEL 1, METRO TORONTO CONDOMIN
Directions/Cross Streets: Sheppard Ave & Midland Ave
Zoning: Commercial Resid
Category: Without Property
Use: Restaurant
Building Percentage: N
Total Area: 1,100
Total Area Code:  Sq Ft
Retail Area: 800
Retail Area Code: Sq Ft
Business/Building Name: HK Garden
Financial Statement: N
Chattels: Y
Franchise: N
Days Open: 7
Hours Open: 7AM-4PM
Employees #: 7
Seats: 46
LLBO: N
Sprinklers: Y
Heat Type: Gas Forced Air Closd
Central Air Conditioning: Y
Water: Municipal
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REAL ONE REALTY INC.

8 Glen Watford Dr , Unit G6-7, Toronto, M1S 2C1, Ontario


 
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Type: Com - Sale Of Business
Area: Toronto
Municipality: Toronto
Neighbourhood: Agincourt South-Malvern West
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Tax: $1,000
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