Added 2 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: CC2
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Age: 51-99 years
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Taxes: 18725
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MLS®#: X10416259
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Days on Site: 2 Days
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Added: Nov 07, 2024 (2 months ago)
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Updated:
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Last Checked: 2 hours ago
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Listed By: IRISE
The Blue Star Restaurant a rare turn-key investment opportunity in the heart of Welland! Established in 1947, this iconic, family-owned restaurant has long been a local landmark, known for its welcoming atmosphere and extensive menu spanning breakfast, lunch, dinner, and take-out/delivery options. Recently expanded, the restaurant now offers multiple revenue streams, including indoor dining, take-out, event catering, and an exciting new private event space added in 2023, which accommodates up to 80-100 guests. In addition to its recent upgrades, the washrooms have just completed a total renovation, enhancing the guest experience with modern and stylish facilities. The restaurant is equipped with a high-capacity commercial kitchen featuring top-quality appliances, including three walk-in coolers, a walk-in freezer, a 25-ft. hood, grills, fryers, convection ovens, and a stainless-steel dishwasher ensuring smooth operations across all service areas. Ample parking and a spacious basement for storage add to the efficiency and appeal of this well-prepared facility.
Extras
Located on King Street, just a 5-minute walk to the Welland Canal and a 3-minute drive to downtown and Merritt Island, the property is positioned in a rapidly developing area with new residential communities, townhomes, and apartments.
Property
Status: Sale
Type: Restaurant
Property Type: Sale Of Business
Property Type: With Property
Age: 51-99
Area: Welland
Community: 773 - Lincoln/Crowland
Availability Date: Flexible
Inside
Bathrooms: 9
Air Conditioning: Y
Washrooms: 9
Utilities
Utilities: Yes
Building
Basement: Y
Heat Type: Gas Forced Air Open
Freestanding: Y
Water Supply: Municipal
Physically Handicapped-Equipped: Y
Parking
Garage Type: None
Covered Parking Spaces: 10
Fees
Tax Year: 2023
Taxes: $18,725
Taxes Type: Annual
Land
Cross Street: King St & Ontario
Municipality District: Welland
Parcel Number: 641220230
Lot Depth: 180 Feet
Lot Frontage: 80.13 Feet
Zoning: CC2
Commercial Specific
Number of Employees: 30
Retail Area: 8000
Retail Area Metric: Sq Ft
Sprinklers: Y
Total Area: 16000
Total Area Metric: Sq Ft
Hours Open: 62 hrs/
Days Open: 6
Franchise: N
Tangible Property Included: N
Lot Code: Lot
Building Percent: 100
Seats: 180
Business/Building Name: The Blue Star Restaurant
Financial Statement: Y
LLBO: Y
École élémentaire Champlain
Elementary: PublicÉÉC Saint-François-d'Assise
Elementary: CatholicSt Augustine Catholic Elementary School
Elementary: CatholicSt Mary Catholic Elementary School
Elementary: CatholicPlymouth Public School
Elementary: PublicDiamond Trail Public School
Elementary: PublicÉcole secondaire Confédération
Secondary: PublicEastdale Secondary School
Secondary: PublicÉSC Jean-Vanier
Secondary: CatholicCentennial Secondary School
Secondary: PublicLakeshore Catholic High School
Secondary: CatholicNotre Dame College School
Secondary: Catholic
