$849,000 FOR SALE

Franchise Business for Sale

Restaurant

Total Area: 5,000 ft2

218 Lakeshore Rd
Oakville, ON L6J 1H8 | Old Oakville | Halton

The Pescaraa Restaurant & Venue is a highly successful business with exceptional sales and strong profitability. This 5,000 sq. ft. establishment is spread over two levels. The main level features a charming Italian restaurant with seating for 70-80 guests, while the lower level offers a banquet hall accommodating up to 100 people. Equipped with a full chefs kitchen, a large liquor license, and a spacious outdoor patio, this restaurant is fully prepared for business. The property boasts a long-term lease of 2+5 years at approximately $10,500 gross (including TMI). Situated in the vibrant town of Oakville, surrounded by a growing population, this location has undergone extensive renovations and upgrades by the current owner with significant investment. The kitchen is fully equipped and ready for operations. Don't miss this excellent business opportunity!

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Listed By HOMELIFE/MIRACLE REALTY LTD
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number W9258713
Last Updated Aug 16, 2024
Property Summary
Property Type Business For Sale

More like this:
Use Restaurant
Franchise Franchise
Business/Building Name Pescaraa Restaurant & Venue
Category Without Property
Legal Description PT LT B, BLK 11, PL 1 20R12809; OAKVILLE. T/
Occupancy Owner
Possession Date Flex
Directions/Cross Streets Lakeshore Rd & Trafalgar Rd
Neighbourhood Old Oakville
Area Halton
Price History
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Detailed Information
Bathrooms 3
Retail Area 100 percent
Total Area 5,000 ft2
Elevator None
Air Conditioning Y
Basement Y
Chattels Y
Garage Type None
Days Open 7
Hours Open -
LLBO N
Employees 7
Heat Type Gas Forced Air Open
Financial Statement N
Expenses Actual/Estimated Est
Seats 75
Sewers San+Storm
Water Municipal
Lot/Bldg/Unit Code Lot
Zoning C3R
Seller Property Info Statement N

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