Upscale Japanese Restaurant for Sale in Prime Yorkville Location

Restaurant Overview

• Prime location in the heart of Toronto's trendy Yorkville district, with high foot traffic
• Upscale Japanese restaurant, a la carte style, with high profit margins
• Established in 1998, with a long history and strong brand recognition
• Loyal local and tourist clientele, including frequent visits from celebrities
• Occupies the first and third floors of a distinctive building, offering ample space and well-maintained facilities
• First floor dining area and kitchen, approximately 1, 500 square feet, seating 62 guests, equipped with an 8-foot commercial exhaust hood
• Third floor food preparation area and office space, approximately 1, 000 square feet, featuring a 6-foot commercial exhaust hood and a walk-in cooler
• Two washrooms on each floor
• Liquor license included, allowing for alcohol service

Financial Highlights

• Monthly rent: Approximately $16, 000 (inclusive of TMI, HST, and water)
• Annual sales: $1, 598, 902 (as per financial statement)
• Annual net profit: $278, 452 (as per financial statement)
• 19 employees

Turnkey Opportunity

• Current owner is the original proprietor, selling due to retirement
• Thriving business with a consistent and profitable track record
• Owner oversees management, with experienced staff handling day-to-day operations, ensuring a smooth transition

Act Now!

This exceptional opportunity to acquire a well-established and profitable restaurant with a proven management system won't last long. Contact me today to express your interest!

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