Turnkey Restaurant Opportunity. A well-established restaurant operating from a prime Central Lonsdale address is available for acquisition. This turnkey hospitality venue features a fully equipped commercial kitchen, professional ventilation system, and complete dining infrastructure, allowing a purchaser to begin operations immediately, either continuing the existing concept or introducing their own. The business has demonstrated consistent revenue growth over the past three fiscal years, reaching almost $600,000 in annual sales. The premises comprise approximately 1,100 SF on the main floor with basement storage functionally dedicated to tenant operations. Monthly occupancy cost is approximately $6,660 plus GST, representing attractive value for a Lonsdale Avenue address. The incoming purchaser will have the opportunity to negotiate a new long-term lease with no demolition clause in the initial term. Further details available upon execution of a Confidentiality Agreement. DO NOT APPROACH BUSINESS
- Asking Price:
- $350,000 (CAD) Furniture / Fixtures included
- Sales Revenue:
- $500K - $1M (CAD)
- Cash Flow:
- On request
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
5+5
- Leasehold Rent:
-
$79,000 (CAD) per annum
- Location:
-
North Vancouver Central Lonsdale
- Premises Details:
-
This turnkey hospitality venue features a fully equipped commercial kitchen, professional ventilation. 1100sf plus very large storage
- Size in square feet:
- 1,100
