383 Eglinton Ave E

LocationMount Pleasant East, M4P 1M5
$230K For Sale
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Description

Exceptional opportunity to own a well-established Gabby's Franchise Pub & Restaurant in one of Toronto's busiest locations at Eglinton Avenue East & Mount Pleasant Road. Successfully operating for over 35 years, this profitable licensed restaurant enjoys a loyal customer base, strong neighborhood presence, and excellent visibility in a high-traffic commercial area. Weekly sales are approximately $15,000 (as per Seller), with over 70% of revenue generated from liquor sales, producing an impressive 75%+ gross profit margin on liquor. Very affordable occupancy costs with rent and TMI totaling only $4,484 per month. The business also includes a large one-bedroom apartment upstairs, currently rented for $2,000 per month, providing valuable additional income and helping offset operating expenses. Long-term lease in place until October 2030, plus one additional 5-year renewal option, offering long-term security. Fully LLBO licensed with 41 indoor seats and a 35-seat licensed outdoor patio, making it ideal for year-round dining and seasonal patio service. Operating hours are Monday to Friday from 3:00 PM to 2:00 AM and Saturday & Sunday from 12:00 Noon to 2:00 AM. Low flat franchise royalty and advertising fees. Online ordering is available through Uber Eats, DoorDash, and Gabby's online ordering platform, providing multiple revenue streams. Excellent opportunity for an owner-operator, family business, investor, or experienced restaurateur looking to acquire a profitable Toronto restaurant with stable cash flow and significant growth potential. Plenty of opportunities to increase sales through expanded marketing, catering, special events, sports nights, entertainment, and extended food promotions. Turnkey operation, repeat clientele, trained staff, and strong comm Rare chance to acquire a successful licensed pub and restaurant franchise in a premium Midtown Toronto location with low overhead, additional rental income, excellent liquor margins, and long-term lease security.

Features

  • Business Type
    Category: Bar/Tavern/Pub
  • Commercial Total Area
    Total Area: 980 sqft
  • Commercial Retail Area
    Retail Area: 980 sqft
  • Number of seats
    Seats: 41
  • Commercial Parking Types
    Parking Types: Other

Details

  • Commercial Zoning
    Zoning: R(d2*943)
  • Tax Amount
    Tax: $ 21,000
  • Business Hour
    Business Hours: Weekdays 3:00 pm to 2:00 am- Weekends 12:00 pm to 2:00 am
  • Business Opening Days
    Opening Days: Open 7 Days
  • Alcohol Allowed
    Alcohol Allowed: Y
  • Number of Employees
    Total Employees: 7
  • MLS
    C13527936
  • Listing contracted with: REMAX YOUR COMMUNITY REALTY

Location



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