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Listing # 70131003
Business For Sale
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Modern 86 Seat Restaurant inc Buildgs, Land, Equip, Lease income
$289,000.00 (Cdn)
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![[Picture of the Business]](/listpix/70131003d.jpg)
![[Picture of the Business]](/listpix/70131003.jpg)
![[Picture of the Business]](/listpix/70131003a.jpg)
![[Picture of the Business]](/listpix/70131003b.jpg)
![[Picture of the Business]](/listpix/70131003c.jpg)
Business Location: Eastern Ontario
Postal Code: K8V
Relocatable: No
Business Categories:
Hospitality & Food Service
Real Estate & Rental Buildings
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Current layout is Family Restaurant (Lic.). Used to be 3 bus. but converted to 1. Easily converted back to 2 bus. if wish as each has seperate water,hydro, meters etc. Could be 3 rental properties. Other smaller part is used as common access for Busy Modern Bowling Center & Restaurant. Comes with rental income for this shared access & parking & lease income for the restaurant. Excellent 'walk thru/by -drive by' traffic. Small house on property for storage. Property borders the Main St. in downtown & busy side st. & is 'almost ready' for Drive Thru application. Vacant lot on side for sale (by town) that borders 3rd st. resulting in incredible visibility, access/growth/expansion.
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Restaurant is RECENTLY leased. Now 2 rental incomes. Also licenced for 48 seat patio. All equipment is in a 'almost new state' (used 3 yrs.)
Appraised for $250k in 1989 in (empty building) & has since been turned into modern restaurant. Building fully modernized; new roof/windows, interior, paved parking, handicapped accessibility, etc.
Owner will accept 1st mtg. with reasonable DP with rate 1% less than comparable Bank mortgage. Just REDUCED to sell quick as owners moving south.
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Busy growing town of ~ 18,000 residents with 'growing' Canadian Forces Base. Typical competition but ideal for niche business or 2 businesses & rental income.
Bay of Quinte / Trent river 1/2 mile away. Hwy 401 - 3 miles
House on Trent River also available - 7 miles from business.
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INCLUDED, EXCLUDED & OPTIONAL |
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- INCLUDED in the Price - |
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- ~2800 sq. ft. Restaurant Building & Parking Lot
- small house for storage
- rental (lease) by business next door for parking/access
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For further information - Contact the Owner:
by e-mail.
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BusinessSellCanada is not responsible for the accuracy
of the information shown in this "Business For Sale" listing
nor for the accuracy of any language translation of it.
The Buyer should contact the Seller directly and verify
the accuracy of all information to his own satisfaction.
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