Landmark Casual Family Dining Restaurant In Toronto For Sale

Business description

In business for almost two decades, this is an opportunity that does not come across often. In addition to all the highlights outlined below, the current owners have just completed a third-party FFE assessment and have a certified appraisal for the value of the tangible assets in the indicated below amount. This, in combination with the longevity of the business, its predictable cash flow, and organizational efficiency make this an easier opportunity for financing than most restaurant businesses. Some more information about this opportunity:

- Rare established, well-run and successful turn-key restaurant business
- Scalable, franchiseable and easy to duplicate business model with strong brand name recognition
- Loyal and established clientele with strong repeat patronage
- High quality menu with an emphasis on freshness, uniqueness and house-made products
- Highly trained and skilled staff with tenure
- Well balanced and diversified daily and weekly sales mix
- Additional sources of revenue streams include: catering, take-out services, loyalty and gift card programs
- Free dedicated ample parking available

The restaurant has an established history, community recognition and reviewers’ accolades.

- Operating since 1992
- 180 indoor seating and 54 seats patio
- Average sales/square foot: ~ $400.00
- 7% deviation in Gross Sales in the last 5 years of operation
- Free dedicated ample parking available
- Award winning restaurant, with recognition from:
- Toronto.com
- Dine.to
- Menupalace.com
- Toronto Sun

Property information

Real Estate:

Lease

Business Operation

Employees:

35

Years established:

19

Other information

Furniture / Fixtures value:

$651,000 (included in the asking price)