Indian Restaurant Scott Road, Delta, BC For Sale

Property Information

Real Estate:

Lease

Lease Terms:

5 + 5 year lease (first term March 2021 to February 2026, now in the renewal term for 8 more years). Base rent approx. $7,000/month; gross occupancy approx. $12,000/month including CAM and property taxes, expected to drop to about $11,500/month. Tenant pays 40% of building operating costs and taxes. $25,200 security deposit. Assignment requires landlord consent. The lease includes a demolition clause in future after most likely 8 years; a demo-free structure may be negotiable for a qualified buyer. Full details under NDA.

Leasehold Rent:

$84,000 per annum

Location:

Scott Road (120 Street) corridor, Delta, on the Surrey/Delta border. High visibility and heavy traffic, with pylon signage and ample on-site parking. Surrounded by a dense residential area with a large South Asian community.

Premises Details:

Fully built-out full-service restaurant with an upscale modern interior. Permitted for 98 seats. Booth seating, bar and beverage area, dessert display counters, full commercial kitchen with 25 ft+ hood, and walk-in cooler and freezer.

Business Operation

Management type:

This business has absentee ownership.

Expansion Potential:

Catering and banquet orders, family and corporate events, extended bar and beverage sales under the existing liquor licence, and cutting third-party delivery costs (about $299K in 2025) by moving customers to direct online ordering.

Competition / Market:

The Scott Road corridor has many South Asian restaurants and sweet shops. This location stands out for its upscale dine-in setting, liquor licence, large seating capacity and established delivery-app volume.

Reasons for selling:

Family Circumstances

Trading hours:

12 PM to 3 AM

Years established:

4. The current company took over the lease in June 2022. The restaurant itself started under the original tenant in 2021.

Other Information

Support & training:

Seller will provide a reasonable training and handover period, with terms to be agreed in the purchase contract.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

The seller agrees for vendor take back mortgage that can be considered. A 50:50 Percent partnership van also be offered keeping in view the confidence of the current business owners in the profiatbility of the business. Buyer with prior experience in Restaurant industry preferred.

Furniture / Fixtures value:

$750,000 (CAD) - included in the asking price

Inventory / Stock value:

$10,000 (CAD)

Related Documents:

•   Non Disclosure Agreement for Signing