200 Marycroft Ave W

LocationPine Valley Business Park, L4L 5X9
$250K For Sale
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Description

Discover the dynamic "Lamasu Lounge and Grill," a fully licensed and equipped restaurant strategically situated in a bustling plaza at a high-traffic intersection near Highway 7. This prime location is surrounded by a blend of commercial and residential areas, including several factories that contribute to a steady stream of customers. With ample parking and significant foot traffic, the restaurant is perfectly positioned to capitalize on the growing demand for dining options in the vicinity. Recently renovated, the restaurant offers a turnkey operation with a proven track record of steady sales growth and exciting potential for further expansion. As new condo developments are planned for the area, an influx of residents will further enhance the customer base, making this an opportune time for investment. Currently thriving as a lounge and grill, the versatile space can be adapted for various culinary concepts, subject to existing exclusivities. The restaurant comes with a transferable liquor license, accommodating up to 28 patrons, making it ideal for breakfast, lunch, dinner, private parties, and catering events. Lease terms are favorable at approximately $3,790.84 per month, inclusive of TMI and HST, and extend until 2027, with all agreements contingent upon landlord consent and approval. All chattels and equipment are included, with a detailed inventory available upon acceptance of an offer. This business presents a fantastic opportunity for families and newcomers eager to step into a thriving restaurant environment with solid growth potential. Don't let this exceptional opportunity pass you by. Seize the chance to make your mark in the culinary scene today! **EXTRAS** All chairs and tables, three TVs, a surveillance system with cameras, a POS unit, and all lighting and fixtures, Glassware and more. All chairs and tables, three TVs, a surveillance system with cameras, a POS unit, and all lighting and fixtures, Glassware and more.

Features

  • Business Type
    Category: Restaurant
  • Commercial Total Area
    Total Area: 1,500 sqft
  • Commercial Retail Area
    Retail Area: 1,500 sqft
  • Number of seats
    Seats: 28
  • Commercial Parking Types
    Parking Types: None
  • Restaurant Business Without Property
    For Sale: Business Only

Details

  • Commercial Zoning
    Zoning: Retail
  • Tax Amount
    Tax: $ 6,794
  • Business Hour
    Business Hours: 12-11
  • Business Opening Days
    Opening Days: Open 7 Days
  • Alcohol Allowed
    Alcohol Allowed: Y
  • Number of Employees
    Total Employees: 3
  • MLS
    N9768476
  • Listing contracted with: RIGHT AT HOME REALTY

Location