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Downtown Toronto Bar With Rooftop Patio For Sale

Toronto, Ontario
Asking Price:
$199,000 (CAD) Furniture / Fixtures included
Sales Revenue:
$750,000 (CAD)
Cash Flow:
$99,000 (CAD)

Time to make some money....An amazing opportunity to own and operate a Turn-key Bar/Nightclub/Restaurant with last Heated Rooftop patio available in the downtown Toronto core. Minutes away from Roger's centre. Licensed Capacity 352!!!!
Current annual sales 700k and only room to grow as population density increases with Condo growth.
We are only looking for experienced operators.
Licence is clean and building is up to date.
Rent is gross gross inclusive of TMI and HST $23K.
All taxes are up to date with Revenue Canada.

We have turned away many offers due to lack of commitment.

This is a legendary location.

If interested please contact the seller, Rob, through the form on this page.

Property information

Real Estate:

Lease

Lease Terms:

3.5 years plus 5 year option

Leasehold Rent:

240K per annum

Location:

Busy corner of King St. and Blue Jays Way.

Premises Details:

Space occupies 4th, 5th floors with a heated rooftop patio

Size in square feet:
5000sq2

Business Operation

Expansion Potential:

Possibility of partially enclosing rooftop for 4-season use

Competition / Market:

Already a busy address with legendary business located at the same address. Great overflow with joint interests.

Reasons for selling:

Nearing retirement. Live outside city

Trading hours:

Winter - 2 days per week
Summer - 7 days per week

Employees:
8 part time
Years established:
2.5 years

Other Information

Support & training:

Will provide hands - on training for 3 months during licence transfer

Furniture / Fixtures value:
$45,000 (CAD) - included in the asking price
Website:
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Related Documents:

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