Prime Downtown Toronto Restaurant For Sale

This established restaurant is situated in a revitalizing downtown core neighborhood, within a 10-minute walk of over 10 newly constructed condos and numerous corporate headquarters. The area is experiencing significant growth and is poised for an even more vibrant future.

Key Features:

• Prime Location: Downtown Toronto's revitalizing core
• Ample Seating: 120 indoor seats and 80 patio seats
• Spacious Kitchen: 1, 800 sq ft professional commercial kitchen
• Outdoor Dining Oasis: Largest patio area in the vicinity
• Turnkey Operation: Fully equipped and renovated, ready for immediate occupancy

Financial Highlights:

• Monthly Rent: Approximately $24, 000 (including TMI)
• Lease Term: 4. 5 years remaining, with 3 x 5-year renewal options
• Sales Potential: $195, 000 monthly average sales during initial 6 months of operation (pre-pandemic)

Additional Notes:

• The owner invested $1. 4M in opening this new location in 2022.
• The restaurant was forced to close due to the pandemic in 2023.
• The owner has a long history of success in the Italian restaurant industry in the Greater Toronto Area.
• This is an exceptional opportunity for a savvy restaurateur to take over a well-established business in a prime location.

Don't miss out on this chance to own a piece of Toronto's thriving restaurant scene!

All Existing Chattels. All Business Numbers Are As Per Seller, Listing Broker Has As Not Verified Accuracy, Buyers Are Welcome To Perform Due Diligence.