$149,000 FOR SALE

Business for Sale

Restaurant

Lot: 20 x 110 ftTotal Area: 1,800 ft2

505 Danforth Ave
Toronto, ON M4K 1P5 | North Riverdale

Turnkey Restaurant for Sale in Greek Town Extensively renovated Indian cuisine restaurant at the prime AAA+ location of Danforth and Logan, right in the midst of Greek Town. Licensed for 124 patrons inside and 12 on the front patio. Features a fully built-out main floor and basement, with all chattels and equipment included. Total space is 1,800 sqft with 4 years remaining on the lease and an option to renew. This well-kept, like-new, and very well-established restaurant experiences heavy daily foot traffic and high take-out volume from both loyal and new customers, including tourists. Conveniently located with easy parking available on multiple nearby streets. Highlights:- Fully equipped kitchen with 11' exhaust hood, full range, walk-in cooler, and more; Significant investment made in kitchen build-out and leasehold improvements; Excellent structural integrity with all mechanical systems in great shape and 3-phase power; Licensed for 124 patrons inside, with an additional 12 on the front patio; Garage-style frontage that opens the dining room to the street; Currently operating as a successful Indian restaurant, but the space is adaptable to various concepts and styles of cuisine; Strong lease in place with a current rent of $10,112 per month, inclusive of TMI and HST; Four years remaining on the lease with options to renew.

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Listed By GET HOME REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number E9346828
Last Updated Sep 12, 2024
Property Summary
Property Type Business For Sale

More like this:
Use Restaurant
Franchise Non-Franchise
Category Without Property
PIN 210620264
Legal Description PT LT 1 PL 9E TORONTO AS IN CT492289; CITY OF TORO
Occupancy Vacant
Possession Date IMMEDIATE
Directions/Cross Streets Danforth/Logan
Neighbourhood North Riverdale
Area Toronto
Price History
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Detailed Information
Freestanding N
Lot 20 x 110 ft
Total Area 1,800 ft2
Elevator None
Air Conditioning Y
Basement Y
Chattels Y
Garage Type None
Days Open 7
Hours Open 12
LLBO Y
Employees 3
Heat Type Gas Forced Air Closd
Financial Statement N
Seats 136
Sprinklers Y
Sewers Sanitary
Utilities A
Water Municipal
Rail N
Lot/Bldg/Unit Code Unit
Zoning Commercial
Seller Property Info Statement N

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