03-324 Highway 7, Richmond Hill | Image 1

03-324 Highway 7

Richmond Hill, Doncrest

  • Commercial

$139,000
For Sale

Added 19 hours ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Restaurant

  • Zoning: Commercial

  • Age: No Data

  • MLS®#: N11901697

  • Added: Dec 27, 2024 (19 hours ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: HOME STANDARDS BRICKSTONE REALTY

This well-established Japanese Fusion restaurant is located in a high-traffic commercial plaza on Highway 7, surrounded by a dynamic mix of residential and commercial properties that guarantee a steady stream of potential customers. Recently renovated with over $40,000 invested in modern upgrades, the restaurant boasts a stylish and inviting atmosphere perfect for dining.Menu Enhancement Opportunity: Transition from a Pasta-Sushi Fusion to a dedicated Sushi Specialty restaurant, offering a more focused and refined culinary experience.Limited Local Competition: Capitalize on the opportunity to stand out by offering a unique and differentiated dining experience in the area.LLBO Approval (Currently in Process): Anticipated revenue growth with the upcoming approval.

Extras

Current lease till 9th March, 2027 with 5 yrs option to renew. Higher margin. Monthly rent $6700 (tmi and water inclusive). All figures as per seller.

Property

  • Status: Sale

  • Type: Restaurant

  • Property Type: Sale Of Business

  • Property Type: Without Property

  • Area: Richmond Hill

  • Community: Doncrest

  • Availability Date: OWNER

Inside

  • Bathrooms: 2

  • Air Conditioning: Y

  • Washrooms: 2

Building

  • Basement: N

  • Heat Type: Gas Forced Air Closd

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2024

  • Taxes Type: Annual

Land

  • Cross Street: Hwy 7 and Bayview

  • Municipality District: Richmond Hill

  • Parcel Number: 031180225

  • Zoning: Commercial

Commercial Specific

  • Number of Employees: 5

  • Retail Area Metric: Sq Ft

  • Total Area: 1200

  • Total Area Metric: Sq Ft

  • Hours Open: 12-9

  • Days Open: 6

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Lot

  • Seats: 30

  • Financial Statement: N

  • LLBO: N

Map of 03-324 Highway 7, Richmond Hill
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