- Advert ID: 670612
- (Seller ref: TOR02ON001-N142)
Downtown Bar And Grill On Streetcar Line For Sale
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Summary
- Asking price:
- $135,000
- Sales revenue:
- $360,000
- Net profit:
- $46,680
- Employees:
- FT: 3, PT: 4
Business description
This established bar and grill is a local neighborhood hangout on a main streetcar line in Toronto. Having been in business for over 25 years, it has many loyal regular patrons who enjoy the sports pub and pool hall atmosphere that this bar and grill has to offer. It also has two pool tables and a busy bar area that makes it much more of a drinking pub than eatery although it serves late breakfast, lunch and dinner. This bar and grill also stands to get much busier due to several new condominium developments nearby.
Its long tenure at the current location has also garnished it an incredibly low rent of $16/ sq. ft. which is good for another 2 years, with an option to renew for 5 more years. This rent is substantially below market value in consideration of its street level location on a streetcar line.
Other information
- Reasons for selling:
- Owner has other business interests
Contact the seller
For more information about this business for sale, click the Contact Seller button.
Please only contact this seller if you have a GENUINE interest in buying this business. DO NOT MAKE CONTACT if you wish to sell your third party goods or services as you will be blocked from this site.
related resources
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