12270, Yonge, Jefferson, Richmond Hill, Commercial

Description

Commercial Sale Of Business For Sale.

This restaurant is located in a busy Richmond Hill strip plaza with ample free parking and strong daily traffic, surrounded by major anchors including Farm Boy, LCBO, leading banks, and other popular restaurants. Significant investment has been made in the build-out and renovations, positioning the business well for its next stage of growth. The approximately 2,500 sq. ft. unit features a fully equipped kitchen with a 16-ft hood and additional 8-ft hood and a walk-in cooler, and the flexible layout can accommodate a wide range of restaurant concepts. Well known in the surrounding neighbourhoods, the business benefits from steady walk-in traffic and loyal repeat customers. Approximately 7 years remain on the current lease, with the buyer to negotiate a new lease or extension directly with the landlord. Attractive financing is available, requiring much lower upfront cash through a transferable $275,000 CIBC business loan, subject to lender approval.

Cross Street: Yonge/Stouffville