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Frankie's Trattoria Italian Restaurant In Markham For Sale

Markham, Ontario, Canada
Asking Price:
$68,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1 (CAD)
Cash Flow:
$1 (CAD)

Frankie is retiring... This restaurant has been my home away from home for a long time, I've had the privileged of meeting so many wonderful people. It's been an absolute joy to know all of you and to feel so appreciated, even though its through the the food, drinks and treats we've served you. Now its time for another special some one to make you 'food happy'.

Frankie's Trattoria has the reputation of serving delicious looking and even more delicious tasting food, drinks and treats. We have been operating from Monday to Friday opening at 7:30 and closing at 2:00. We offer dine in, take out and corporate catering. We are located in the lobby of an office building with approximately 200+ people in it plus their respective customers. We not only serve our neighbors in the building but also the the surrounding area of Woodbine and Highway 7. We seat 30 patrons indoors and we have 2 concrete tables outdoors too. There is plenty of parking and visual exposure.

Our restaurant is fully equipped and turn key for the new owner. We do not use Uber Eats or Skip the Dishes etc, we didn't feel the need, but the new owner may wish to add delivery options. We do not have a website or presence on social media, we built our business through face to face relationships.

Yearly
Revenues - $312,000
Wages - $92,820
Rent - $15,600
Cost of Goods - $109,200

Revenues less expenses

$312,000 - $217,620 = $94,380

Net Operating Income (NOI) or Seller's Discretionary Earnings (SDE) = $94,380


Purchase the business, assets and inventory for $68,000 with a monthly lease of $1875.00 per month with includes TMI and all utilities.

If you prefer to lease to own, your initial payment will be $38,000 with a monthly lease of $3875.00 per month for the first 35 months and starting the 36th month the monthly lease will drop to $2000.00 per month which includes TMI and all utilities.

This is a solid business opportunity for a family or 2 or 3 partners.

If interested, please contact us by filling the form given below.

Property Information

Real Estate:

Lease

Location:

Woodbine and Highway 7 in Markham

Premises Details:

Lobby of an office building

Business Operation

Reasons for selling:

Retirement

Trading hours:

Monday to Friday
7:30 AM - 2:00 PM

Employees:
3
Years established:
12

Other Information

Furniture / Fixtures value:
$1 (CAD) - included in the asking price
Inventory / Stock value:
$1 (CAD) - included in the asking price
Related Documents:
Relocatable:
This business can be relocated.

Contact Seller

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