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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: Commercial
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Age: No Data
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Taxes: 19.8
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MLS®#: E6130540
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Days on Site: 300 Days
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Added: Jun 08, 2023 (10 months ago)
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Updated:
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Last Checked: 3 hours ago
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Listed By: VISAR REALTY INC.
Great Location, , In The Heart Of Scarborough's Well Known Scarborough Village Mall With Busy Traffic. Adjacent To The Popular Skycity Shopping Centre. The Restaurant Has Been Operating Profitably For 13 Years. Ideal For New Buyer To Operate The Same Cuisine And Can Also Be Converted To Any Other Cuisines. All Chattels And Equipment Are Included. New Buyer To Assume The Existing Lease And May Negotiate Longer Lease With The Landlord.
Extras
Current Monthly Gross Rent $10,053.30 (Net Rent $7,261.50 + TMI: $2,792 ) + HST. The Lease Will Be Expired On March 31,2025. Qualified Buyer May Negotiate With The Landlord For Extending Another 5 Years Term. Tenant Pays All Utilities.
Property
Status: Sale
Type: Restaurant
Property Type: Sale Of Business
Property Type: Without Property
Net Income: 150000
Area: Toronto
Community: Milliken
Availability Date: TBA
Inside
Air Conditioning: Y
Utilities
Utilities: Yes
Building
Basement: N
Heat Type: Gas Forced Air Open
Energy Certificate: N
Green Verification Status: N
Freestanding: N
Water Supply: Municipal
Parking
Garage Type: Plaza
Fees
Tax Year: 2022
Taxes: $20
Expenses: Est
Operating Fees: 1100000
Taxes Type: T.M.I.
Tax Year: 2022
Land
Cross Street: Midland/Finch
Municipality District: Toronto E07
Zoning: Commercial
Commercial Specific
Number of Employees: 5
Retail Area: 1692
Retail Area Metric: Sq Ft
Total Area: 1692
Total Area Metric: Sq Ft
Hours Open: 5-5
Area Influence: Public Transit
Days Open: 6
Franchise: N
Tangible Property Included: Y
Lot Code: Unit
Seats: 80
Business/Building Name: Scarborough Village Mall
Financial Statement: N
Gross Income/Sales: 1250000
LLBO: N
St Marguerite Bourgeoys Catholic Catholic School
Elementary: CatholicLynnwood Heights Junior Public School
Elementary: PublicSt Sylvester Catholic School
Elementary: CatholicChartland Junior Public School
Elementary: PublicMilliken Public School
Elementary: PublicAlexmuir Junior Public School
Elementary: PublicDelphi Secondary Alternative School
Secondary: PublicMsgr Fraser-Midland
Secondary: CatholicSir William Osler High School
Secondary: PublicFrancis Libermann Catholic High School
Secondary: CatholicMary Ward Catholic Secondary School
Secondary: CatholicAlbert Campbell Collegiate Institute
Secondary: Public
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