Established Canadian businesses - For Sale by Owner - in Canada
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Listing # 70131003
Business For Sale
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86 Seat 'Leased Restaurant /patio' inc.Buildgs Land Equip. + other Lease Income
$259,000.00 (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 convert back to 2 bus. if wish as each has seperate water,hydro,meters etc. Could be 3 rental properties. Other small 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 is on Dundas St. (the main st.) in downtown & also borders 2 busy side St. & is 'almost ready' for Drive Thru application. Vacant lot on side (currently) that borders 3rd St. resulting in incredible visibility, access/growth/expansion.
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Restaurant has approx. 3 years left on lease & Bowling Center 2 years left on lease . Also lic. for 48 seat patio. All equipment was bought new (used about 6 yrs total.) Appraised for $250k in 1989 (an empty gutted building) & has since been turned into modern restaurant. Fully modernized; new roof/windows, interior, paved parking, handicapped accessibility, etc. Over $150k spent on improvements. Paved parking lot for ~ 40 cars. Parking on main St. as well. Reduced $30k. Cap rate 8.7%
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Located in Trenton, Ont. Busy growing town of ~ 18,000 residents with 'growing' Canadian Forces Base. Major Military expansion recently announced. Typical competition but ideal for niche business or 2 businesses & rental income. Restaurant reports doing very well. New Shoppers, Fields & Rexal just built downtown. Bay of Quinte/Trent river 1/4 mile away. Hwy 401 - 2 miles. Across from Ford dealership.
Executive house on Trent River also available in Frankford - 7 miles north
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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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