Midtown Toronto Pizza and Panini Shop For Sale
This established pizza and panini shop is situated at the bustling intersection of Lawrence and Avenue, within a 10-minute walk of a dense residential area and schools. The restaurant boasts approximately 1, 250 square feet of space, featuring 26 seats, an open-concept professional commercial kitchen, a 12-foot exhaust fan, a traditional wood-fired pizza oven, and a walk-in cooler. Additionally, an equally spacious basement provides two washrooms, a walk-in freezer, and ample storage.
Key Highlights:
- Prime Midtown Location: Conveniently located at a busy intersection
- Established Clientele: Surrounded by a dense residential area and schools
- Turnkey Operation: Fully equipped and renovated, ready for immediate operation
- Diversified Menu: Offers pizza, panini, salads, sauces, and semi-prepared meals
- Strong Sales Performance: Average monthly sales of approximately $99, 600
- Proven Business Model: Established brand with a loyal customer base
Financial Details:
- Monthly Rent: Approximately $8, 400 (including TMI)
- Lease Term:5 years remaining, with 3 x 5-year renewal options
Additional Notes:
- The owner opened this new location in 2023.
- Approximately 25% of sales are dine-in, while the remaining 75% are takeout and delivery.
- The owner has a long history of success in the Italian restaurant industry in the Greater Toronto Area.
- This is an exceptional opportunity for an experienced restaurateur to take over a well-established business in a prime location.
Don't miss out on this chance to own a thriving Italian pizza and panini shop in the heart of Midtown Toronto!
All Existing Chattels. All Business Numbers Are As Per Seller, Listing Broker Has As Not Verified Accuracy, Buyers Are Welcome To Perform Due Diligence.