Added 3 months ago
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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: Business Commerc
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Age: No Data
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MLS®#: C9253519
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Days on Site: 63 Days
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Added: Aug 13, 2024 (3 months ago)
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Updated:
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Last Checked: 6 hours ago
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Listed By: ROYAL LEPAGE SIGNATURE REALTY
Profitable and high performing restaurant on Avenue Road in North York available! Old Avenue Restaurant specializes in southern Caucasus cuisine and it has been a big hit since opening in 2022. The sales are impressive and the profit margins are even better. Full training to be provided to a qualified buyer.1,700 sq ft layout that is easy to staff and manage for a owner, and this business is run hands-off meaning that the owner does not work there. Please do not go direct or speak to staff or ownership.
Extras
Great lease rate of $7,230 Gross Rent including TMI with 3 + 5 + 5 years remaining. Liquor license capacity of 28 inside and 12 on the covered patio with bring your own wine. 1 walk-in fridge and a 9 ft commercial hood in the kitchen.
Property
Status: Sale
Type: Restaurant
Property Type: Sale Of Business
Property Type: Without Property
Area: Toronto
Community: Bedford Park-Nortown
Availability Date: TBD
Inside
Bathrooms: 3
Air Conditioning: Y
Washrooms: 3
Utilities
Utilities: Available
Building
Basement: Y
Heat Type: Gas Forced Air Closd
Elevator: None
Freestanding: N
Outside Storage: N
Water Supply: Municipal
Physically Handicapped-Equipped: N
Volts: 200
Amps: 600
Parking
Garage Type: Outside/Surface
Covered Parking Spaces: 1
Fees
Tax Year: 2023
Tax Legal Description: Lot 69, Plan 2529 ; PT Lot 70, Plan 2529 , AS IN T
Taxes Type: T.M.I.
Land
Cross Street: Avenue Rd & Brooke A
Municipality District: Toronto C04
Sewer: San+Storm
Lot Depth: 125.16 Feet
Lot Frontage: 20.21 Feet
Zoning: Business Commerc
Commercial Specific
Number of Employees: 6
Rail: N
Retail Area: 1700
Retail Area Metric: Sq Ft
Sprinklers: Y
Total Area: 1700
Total Area Metric: Sq Ft
Hours Open: 11-10
Days Open: 7
Franchise: N
Tangible Property Included: Y
Crane: N
Lot Code: Lot
Survey: N
Seats: 40
Soil Test: N
Business/Building Name: Old Avenue Restaurant
Financial Statement: N
LLBO: Y
Armour Heights Public School
Elementary: PublicSummit Heights Public School
Elementary: PublicLedbury Park Elementary and Middle School
Elementary: PublicBlessed Sacrament Catholic School
Elementary: CatholicSt Margaret Catholic School
Elementary: CatholicJohn Wanless Junior Public School
Elementary: PublicCardinal Carter Academy for the Arts
Secondary: CatholicJohn Polanyi Collegiate Institute
Secondary: PublicForest Hill Collegiate Institute
Secondary: PublicLoretto Abbey Catholic Secondary School
Secondary: CatholicMarshall McLuhan Catholic Secondary School
Secondary: CatholicLawrence Park Collegiate Institute
Secondary: Public
