Kris CurmanPowered by Motions MarketingOakwyn Realty Northwest

Active · Business ·

, BC

$298,000

127 days on market

Bedrooms
0
Bathrooms
0
Floor area
1,100 sq ft
Type
Business
MLS®
C8079206

About this home

Turnkey Restaurant Opportunity. A well-established restaurant operating from a prime Central Lonsdale address is available for acquisition. This turnkey hospitality venue features a fully equipped commercial kitchen, professional ventilation system, and complete dining infrastructure, allowing a purchaser to begin operations immediately, either continuing the existing concept or introducing their own. The business has demonstrated consistent revenue growth over the past three fiscal years, reaching almost $600,000 in annual sales. The premises comprise approximately 1,100 SF on the main floor with basement storage functionally dedicated to tenant operations. Monthly occupancy cost is approximately $6,660 plus GST, representing attractive value for a Lonsdale Avenue address. The incoming purchaser will have the opportunity to negotiate a new long-term lease with no demolition clause in the initial term. Further details available upon execution of a Confidentiality Agr.- DO NOT APPROACH BUSINESS

Monthly cost estimate

Mortgage payment20% down · 4.5% · 25-yr amortization$1,319
Strata fee$0
Property taxannual ÷ 12$0
Est. monthly total$1,319
Down payment + BC property transfer taxbefore any first-time buyer exemption$63,560

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Listing courtesy of Royal LePage Sussex. View on REALTOR.ca

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