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Property Showcase - Launch Fullscreen

Breakfast Restaurant $159,000 8am-4pm

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BREAKFAST RESTAURANT FOR SALE $129,000-  OPEN 8am-4pm DAILY,  44 SEATS

 

     Welcome to your next business located in vibrant downtown Toronto’s Cabbagetown area.  High traffic, many pedestrians with TTC transit at your door step, thousands of homes in the area, plus many employees work nearby at Banks, real estate offices, Hardware, drug marts, this has so much opportunity for the next owner. 

     Current owner's hours are open from 8am to 4pm daily. You can Extend or change your hours to what ever you like.  The staff would all love to remain with the new buyer, full training to the buyer provided by the seller.

     Sales averages are $31,000 +/- per month that's  $375,000 Net sales per year as per vendor.  All buyers please do not ask staff any questions, call Tom 416-520-3601 for all details.  You will be required to complete an NDA for rent and all further details, This is a rolling business that generates approx $7211 per week in Net Sales on one shift per day, yes imagine if you extend the hours?!   

     The staff of 6 total employees would all love to remain.  The rent is excellent and $xxxx.xx Net per month.  This is an original older restaurant and will need some updates and reno's as it been here a very long time.  This is a staple in this community, come in renovate and flourish your new business.

      Do you want to change the Name? Go Ahead, this is not a franchise you can extend the hours, change the menu, the choices are endless.  This main floor is 840 sq ft plus the same same size basement of 840 more sq ft, with customer washrooms, storage room, walk in cooler, freezer, and a separate office as well.

     

     Call me in confidence. The owner is absentee and may also consider to finance a portion for the buyer, as they are confident in daily revenues and a strong future with many new developments happening in the surrounding area. 

     

     Attendance for verification under condition will be considered, qualified buyers with experience may qualify for financing with 60% to 70% down payment, call 416-520-3601 do not ask staff owner not on site. 

 

 

Weekly Net Sales        $7211.00/week  Percent
Gross RENT         19.2%
UTILITIES         5.4%
FOOD COSTS         16.4%
Misc         5.3%
Wages         26.7%
Total Expenses         73 %
           
Earnings Before Debt/taxes/amortization     27 %

Call today for a confidential tour after hours 416-520-3601

Property Details

  • ID: C4446919
  • Year Built: 1975
  • New Construction: No
  • Property ID: 101405659
  • Status: Active
  • Building Size: 800
  • Style: Business
  • Storeys: 2
  • Estimated Annual Taxes: $16,920

Features

External Sprinklers, Sewers - San Avail, Area Influences2 - Subways, Area Influences1 - Public Transit
Internal Water - Municipal, Utilities, Seats - 44, Heat Type - Gas Forced Air Open, Air Conditioning
Other Use - Restaurant, Hours Open - 8-4
Listed By Tom Tsambourlianos of CENTURY 21 Heritage Group Ltd., Brokerage*