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$XXX,XXX
Status: OFF MARKET
This established cafeteria in a prime Etobicoke office building (near Hwy 401) is up for grabs. The spacious (approx. 1,371 sq ft) restaurant seats approx. 30 and boasts a well-equipped kitchen featuring an exhaust hood, grill, stove, walk-in cooler, hot table, and more. The diverse menu offers coffee, tea, baked goods, hot meals, sandwiches, salads, and snacks, with catering boosting revenue. Due to the current occupancy rate of the building being below 60%, the landlord is temporarily waiving rent. Monthly sales average approx. $10,250 with food costs at approx. 30%, gas at approx. $120, phone/internet at approx. $100, and insurance at approx.$250. Operating hours are short (5 days/week, 9AM-3PM) with holidays off. This independent gem offers huge growth potential. The new owner has complete menu freedom and a captive customer base as the sole restaurant in the building with limited nearby competition. The seller, motivated by a new venture, presents an excellent opportunity to own a profitable cafeteria primed for expansion.
| Property Type | :Commercial |
|---|---|
| MLS Number | :W8360150 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :22 May, 2024 (179 Days ago) |
| Source | :TRREB |
| Area | :Toronto |
|---|---|
| Postal Code | :
M9W 5Z9
|
| Price | : $75,000 |
|---|---|
| Property Taxes | :$100.00 |
| Tax Year | :2024 |
|---|
| Cross Street | :Dixon & Martin Grove |
|---|
| Fireplace/Stove | :No |
|---|
22 May, 2024
TREB #W8360150
Available
$75000.0
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