505 Danforth Ave

LocationNorth Riverdale, M4K 1P5
$49.999K For Sale
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Description

Turnkey Restaurant for Sale in Greek Town Extensively renovated Indian cuisine restaurant at the prime AAA+ location of Danforth and Logan, right in the midst of Greek Town. Licensed for 124 patrons inside and 12 on the front patio. Features a fully built-out main floor and basement, with all chattels and equipment included. Total space is 1,800 sqft with 4 years remaining on the lease and an option to renew. This well-kept, like-new, and very well-established restaurant experiences heavy daily foot traffic and high take-out volume from both loyal and new customers, including tourists. Conveniently located with easy parking available on multiple nearby streets. Highlights:- Fully equipped kitchen with 11' exhaust hood, full range, walk-in cooler, and more; Significant investment made in kitchen build-out and leasehold improvements; Excellent structural integrity with all mechanical systems in great shape and 3-phase power; Licensed for 124 patrons inside, with an additional 12 on the front patio; Garage-style frontage that opens the dining room to the street; Currently operating as a successful Indian restaurant, but the space is adaptable to various concepts and styles of cuisine; Strong lease in place with a current rent of $10,112 per month, inclusive of TMI and HST; Four years remaining on the lease with options to renew.

Features

  • Business Type
    Category: Restaurant
  • Commercial Total Area
    Total Area: 1,800 sqft
  • Number of seats
    Seats: 136
  • Commercial Parking Types
    Parking Types: None
  • Restaurant Business Without Property
    For Sale: Business Only

Details

  • Commercial Zoning
    Zoning: Commercial
  • Business Hour
    Business Hours: 12
  • Business Opening Days
    Opening Days: Open 7 Days
  • Alcohol Allowed
    Alcohol Allowed: Y
  • Number of Employees
    Total Employees: 3
  • MLS
    E12205552
  • Listing contracted with: GET HOME REALTY INC.

Transit Accessibility

Chester Subway Station (0.3km)

Location