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Type: Sale Of Business
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Property Type: Commercial
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Business Type: Restaurant
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Zoning: GC2
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Age: No Data
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Taxes: 19207.87
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MLS®#: X9416581
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Days on Site: 1 Days
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Added: Oct 17, 2024 (1 month ago)
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Updated:
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Last Checked: 2 hours ago
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Listed By: CUSHMAN & WAKEFIELD SOUTHWESTERN ONTARIO
Rare opportunity to purchase one of Sarnia's most well known and established restaurants - Wagg's Steak & Seafood Restaurant. Established in 1990 (operating for approx. 33 years). Ranked #2 of 111 restaurants in Sarnia in 2022 by Blackburn Media. Voted Best restaurant in Sarnia in 2022 Blackburn Media. Very strong gross sales figures year to year. Very profitable restaurant. Great location with plenty of on-site free parking. The Restaurant is currently 6,700 SF, which currently allows for 90 person dining room/bar area and 90 person banquet room area. Several recent upgrades, include but not limited to: New Pos system in December 2022, all new kitchen cooking equipment in March 2022, new engineered exhaust hood system and suppression system in March 2021. Continue to operate the existing Restaurant and or bring your own concept and turn key with endless opportunities including but not limited to restaurant/bar, breakfast restaurant, lounge, fine dining, dinner. Excellent gross sales
Extras
All showings scheduled through Listing Agent vie BrokerBay. Listing Agent and Seller will be onsite.
Property
Status: Sale
Type: Restaurant
Property Type: Sale Of Business
Property Type: Without Property
Net Income: 289000
Area: Sarnia
Community: Sarnia
Inside
Air Conditioning: Y
Utilities
Utilities: Yes
Building
Basement: Y
Heat Type: Gas Forced Air Closd
Elevator: None
Freestanding: Y
Water Supply: Municipal
Parking
Garage Type: Outside/Surface
Fees
Tax Year: 2023
Tax Legal Description: PT LANE PL 12 SARNIA CITY CLOSED BY L257152; PT TH
Taxes: $19,208
Expenses: Est
Taxes Type: Annual
Land
Cross Street: CHRISTINA ST NEAR DU
Municipality District: Sarnia
Parcel Number: 432660034
Sewer: Sanitary
Lot Depth: 242.97 Feet
Lot Frontage: 178.41 Feet
Lot Irregularities: LOT IRREGULAR SHAPE
Zoning: GC2
Shipping Doors
Clearing Height (ft): 12
Commercial Specific
Number of Employees: 30
Rail: N
Retail Area: 6700
Retail Area Metric: Sq Ft
Sprinklers: N
Total Area: 6700
Total Area Metric: Sq Ft
Hours Open: 11:30-8
Area Influence: Public Transit
Days Open: 7
Franchise: N
Tangible Property Included: N
Lot Code: Lot
Seats: 180
Business/Building Name: Wagg's Steak & Seafood Restaurant
Financial Statement: Y
Gross Income/Sales: 2394501
LLBO: N
Bridgeview Public School
Elementary: PublicLondon Road School
Elementary: PublicHanna Memorial Public School
Elementary: PublicKing George VI Public School
Elementary: PublicSt. Matthew Catholic School
Elementary: CatholicP.E. McGibbon Public School
Elementary: PublicGreat Lakes Secondary School
Secondary: PublicÉcole secondaire Franco-Jeunesse
Secondary: PublicÉcole secondaire catholique École secondaire Saint-François-Xavier
Secondary: CatholicAlexander Mackenzie Secondary School
Secondary: PublicNorthern Collegiate Institute and Vocational School
Secondary: PublicSt Patrick's Catholic Secondary School
Secondary: Catholic
