B01 789 Don Mills Road in Toronto: Flemingdon Park Commercial for sale (Toronto C11) : MLS®# C13805162

Rare Opportunity! Make money from day one! Famous 80-seat, 3,396 sq. ft. restaurant/catering company. Seller is retiring after 17 years of profitable business - your opportunity to take over an established operation. Located in a 22 floor Foresters office tower at Don Mills Road & Eglinton Ave E, with a large potential customer base from the many office employees and businesses within the building. Lease until July 31, 2008. Low gross rent at 3% of sales, approximately $2,475/month. Utilities, including gas, hydro and water, are approximately $2,250/month. Leasing for delivery fleet (3 full-size cargo vans & 1 car) is approximately $5,000/month.

General Info:

Property Type:: Commercial

Property Sub Type:: Sale Of Business

Total Area:: 3396 sq. ft. Square Feet

Total Area:: 3,396 sq. ft.315 m2

Retail Area:: 3396 sq. ft. Sq Ft

Office/Apt Area:: 3396 sq. ft. Sq Ft

Lot Depth:: 0'0 m

Lot Frontage:: 0'0 m

Water supply:: Municipal

Zoning:: office commercial

Inclusions:

2 years Financial Statement available upon delivering of Signed Confidential Document; Net Profits about $275,000/ Year; Net Sales about $1.1 million/ year; restaurant sales about 1/3 of total sales, catering about 2/3; catering clients include film companies, hospitals etc; not a franchise hence no royalty fee, but the business has the right to sell Starbucks products