Located on busy major street across from the GoTrain Station and corner of Main Street Downtown Newmarket. Approximately 6500 square feet licensed with a stage for live bands and a large dance floor. Impressive bar, pool tables, booths and an open area for multi-use restaurant, bar, live entertainment venue and private functions. Large kitchen can easily handle private catering and venue for all kinds of events. Current business is closed, however landlord is ready to negotiate a new lease with the existing chattels and fixtures for a turn key restaurant/Bar/Entertainment Venue. Sound system, lights, TV's, tables, chairs, booths, bar, kitchen equipment in place. Liquor license is currently with landlord.
- Asking Price:
- $99,000 (CAD)
- Sales Revenue:
- $500K - $1M (CAD)
- Cash Flow:
- $100K - $250K (CAD)
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Landlord willing to negotiate a new lease.... turnkey restaurant/bar/grill
- Lease Rent:
- $26 (CAD) per sq ft per annum
- Location:
-
Busy Davis Drive and Main Street Newmarket, across from the GO Train
- Premises Details:
-
approximately 6000 square feet for entertainment and dining
Other Information
- Furniture / Fixtures value:
- $500,000 (CAD)
- Distressed:
- This business is a turnaround opportunity
