Business in your area
MLS® C8079206
$298,000
- Status
- Active
- Property type
- Business
- MLS® number
- C8079206
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 2Listing description
Turnkey Restaurant Opportunity. A well-established restaurant operating from a prime Central Lonsdale address is available for acquisition. This turnkey hospitality venue features a fully equipped commercial kitchen, professional ventilation system, and complete dining infrastructure, allowing a purchaser to begin operations immediately, either continuing the existing concept or introducing their own.
The business has demonstrated consistent revenue growth over the past three fiscal years, reaching almost $600,000 in annual sales. The premises comprise approximately 1,100 SF on the main floor with basement storage functionally dedicated to tenant operations. Monthly occupancy cost is approximately $6,660 plus GST, representing attractive value for a Lonsdale Avenue address.
The incoming purchaser will have the opportunity to negotiate a new long-term lease with no demolition clause in the initial term. Further details available upon execution of a Confidentiality Agr. - DO NOT APPROACH BUSINESS
Property summary
- MLS® number
- C8079206
- Property type
- Business
- Square footage
- 1,100 sq ft
- Days on market
- 86 days
What would this home cost you?
Based on the $298,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Royal LePage Sussex, West Vancouver.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.