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$149,000
Available - For Sale
Listing ID: E9346828
Turnkey Restaurant for Sale in Greek Town Extensively renovated Indian cuisine restaurant at the prime AAA+ location of Danforth and Logan, right in the midst of Greek Town. Licensed for 124 patrons inside and 12 on the front patio. Features a fully built-out main floor and basement, with all chattels and equipment included. Total space is 1,800 sqft with 4 years remaining on the lease and an option to renew. This well-kept, like-new, and very well-established restaurant experiences heavy daily foot traffic and high take-out volume from both loyal and new customers, including tourists. Conveniently located with easy parking available on multiple nearby streets. Highlights:- Fully equipped kitchen with 11' exhaust hood, full range, walk-in cooler, and more; Significant investment made in kitchen build-out and leasehold improvements; Excellent structural integrity with all mechanical systems in great shape and 3-phase power; Licensed for 124 patrons inside, with an additional 12 on the front patio; Garage-style frontage that opens the dining room to the street; Currently operating as a successful Indian restaurant, but the space is adaptable to various concepts and styles of cuisine; Strong lease in place with a current rent of $10,112 per month, inclusive of TMI and HST; Four years remaining on the lease with options to renew.
Price $149,000
Taxes: $0
Tax Type: T.M.I.
Occupancy by: Vacant
Address: 505 Danforth Ave , Toronto, M4K 1P5, Ontario
Postal Code: M4K 1P5
Province/State: Ontario
Legal Description: PT LT 1 PL 9E TORONTO AS IN CT492289; CI
Lot Size: 20 x 110 (Feet)
Directions/Cross Streets: Danforth/Logan
Zoning: Commercial
Category: Without Property
Use: Restaurant
Building Percentage: N
Total Area: 1,800
Total Area Code:  Sq Ft
Retail Area: 0
Retail Area Code: Sq Ft
Financial Statement: N
Chattels: Y
Franchise: N
Days Open: 7
Hours Open: 12
Employees #: 3
Seats: 136
LLBO: Y
Sprinklers: Y
Rail: N
Heat Type: Gas Forced Air Closd
Central Air Conditioning: Y
Elevator Lift: None
Sewers: Sanitary
Water: Municipal
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GET HOME REALTY INC.

505 Danforth Ave , Toronto, M4K 1P5, Ontario


 
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At a Glance:
Type: Com - Sale Of Business
Area: Toronto
Municipality: Toronto
Neighbourhood: North Riverdale
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Lot Size: 20.00 x 110.00(Feet)
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