$170,000
FOR SALE

Business for Sale

Restaurant

Total Area: 4,979 ft2
2024 Taxes: $5,000

3833 Midland Ave #8 &10
Toronto, ON M1V 5L6 | Milliken

Great Location, In The Heart Of Scarborough - Evergold Centre With Busy Traffic. The Restaurant Has Been Operating Profitably For More Than 18 Years. Ideal For New Buyer To Operate The Same Cuisine And Can Also Be Converted To Any Other Cuisines. All Chattels And Equipment Are Included. Unit 8 (383sf); Unit 10 - 2,412sf- Ground Fl with 130 Seating & 2,184sf Basement with 40 Seating. The Basement Is Legally Zoned For Restaurant Use.
Extras
New Buyer Will Sign New Lease With The Landlord At 1st Year Monthly Net Rent Of $10,000/mon and 3% increment in subsequent years For 10 Year Term. Current TMI- $5,000/month To Be Reviewed On Annual Basis.
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Listed By VISAR REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number E8175954
Last Updated Mar 26, 2024
Property Summary
Property Type Business For Sale

More like this:
Use Restaurant
Franchise Non-Franchise
Business/Building Name Fortune Seafood Restaurant
Category Without Property
Occupancy Tenant
Possession Date TBA
Taxes (2024) $5,000
Tax Type T.M.I.
Directions/Cross Streets Midland/Mcnicoll
Neighbourhood Milliken
Area Toronto
Price History

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Detailed Information
Freestanding N
Retail Area 4,979 ft2
Total Area 4,979 ft2
Air Conditioning Y
Basement Y
Chattels Y
Garage Type Plaza
Days Open 7
Hours Open 9-12Am
LLBO Y
Employees 18
Heat Type Gas Forced Air Open
Financial Statement N
Gross Income/Sales $2,200,000
Net Income Before Debt $180,000
Year Expenses $2,023
Expenses Actual/Estimated Est
Area Influences Public Transit
Seats 170
Utilities Y
Water Municipal
Lot/Bldg/Unit Code Unit
Zoning Commercial
Seller Property Info Statement N

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