Highly visible North End main street location with steady foot traffic. This turnkey café space offers flexibility to continue the current concept or introduce a new hospitality vision. Existing infrastructure and second-generation equipment help keep startup investment low.
Attractive lease in place with 7 years remaining on current term plus renewal option period. Current base rent is $36K per annum plus half of property taxes estimated at $6K per annum for total current rent of $42K per annum.
Annual revenues have been in the $500K range per year operating 7 days per week from morning to early afternoon. There is potential for additional revenue through expanded hours of opening.
Asset sale including furniture & fixtures, leaseholds, equipment plus goodwill. Bank loan secured by business assets will be repaid at closing.
Great opportunity for individual or couple looking to operate a café or for existing operator looking for new locations.
- Asking Price:
- $220,000 (CAD)
- Sales Revenue:
- $500,000 (CAD)
- Cash Flow:
- $50K - $100K (CAD)
Property Information
- Real Estate:
-
Lease
