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$139,000
Status: For Sale
This profitable Indian Hakka Chinese restaurant, operating for 5 years, is situated at the corner of Lawrence Ave and Victoria Park Ave in Scarborough. It boasts approximately 1,300 sq ft of space, accommodating 30 seats, 2 washrooms, and a basement. The professional commercial kitchen features ample prep space, a 20-foot exhaust fan, 2 walk-in coolers, and other professional equipment. The plaza offers approximately 40 parking spaces. The monthly rent is approximately $6,800 (including TMI and HST). The buyer will sign a new 5 year lease. The business operates 7 days a week, with hours of Monday to Saturday: 11 AM - 10 PM, and Sunday: 12 PM - 10 PM. Annual sales are approximately $500,000, with a substantial net profit. The business is well-established in the community and has a loyal customer base, ensuring consistent business. Due to the owner's decision to pursue other ventures, this lucrative restaurant is reluctantly being offered for sale. This restaurant can be converted into any other cuisines.
| Property Type | :Commercial |
|---|---|
| MLS Number | :E8405142 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :09 Jul, 2024 (130 Days ago) |
| Source | :TRREB |
| Area | :Toronto |
|---|---|
| Community | : Wexford-Maryvale |
| Postal Code | :
M1R 2Y2
|
| Price | : $139,000 |
|---|---|
| Property Taxes | :$1000.00 |
| Tax Year | :2023 |
|---|
| Cross Street | :Lawrence & Victoria Park |
|---|
| Fireplace/Stove | :No |
|---|
08 Jul, 2024
TREB #E8405142
Available
$139000.0
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$139,000
1734 Lawrence Ave E, Toronto, Ontario
Listing ID #E8405142
Price drop by $110,000
Price drop by $110,000