$250,000 FOR SALE

Business for Sale

Restaurant

Total Area: 1,500 ft2
2023 Taxes: $6,793.91

200 Marycroft Ave E #13
Vaughan, ON L4L 5X9 | Pine Valley Business Park | York

This fully licensed and equipped "Lamasu Lounge and grill" restaurant is located in a busy plaza with ample parking at a high-traffic intersection, surrounded by commercial and residential areas. The restaurant has been completely updated and renovated, making it a turnkey operation with steady sales growth and significant potential for further expansion. While currently operating as a lounge and grill restaurant, the space can be converted to various other uses, subject to existing exclusivities. It includes a transferable liquor license for up to 28 patrons and is suitable for breakfast, lunch, parties, and catering. The lease terms are approximately $3,790.84 per month, including TMI and HST, and is valid until 2027, with all deals subject to landlord consent and approval. All chattels and equipment are included, with a list provided upon an accepted offer. This business is perfect for families and newcomers seeking a thriving restaurant with solid growth potential. Don't miss this exceptional opportunity!

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Listed By RIGHT AT HOME REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number N8453410
Last Updated Jun 18, 2024
Property Summary
Property Type Business For Sale

More like this:
Use Restaurant
Franchise Non-Franchise
Category Without Property
Occupancy Owner
Possession Date TBD
Taxes (2023) $6,793.91
Tax Type T.M.I.
Directions/Cross Streets Marycroft and Highway 7
Neighbourhood Pine Valley Business Park
Area York
Price History
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Detailed Information
Freestanding Y
Retail Area 1,500 ft2
Total Area 1,500 ft2
Air Conditioning Y
Basement N
Chattels N
Garage Type None
Hours Open 10
LLBO Y
Employees 3
Heat Type Gas Forced Air Closd
Financial Statement N
Seats 28
Water Municipal
Lot/Bldg/Unit Code Unit
Zoning Commercial
Seller Property Info Statement N

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