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$ 450,000
Est. payment /mo
Active
1 Industrial Pkwy S #2 Aurora, ON L4G 3V9
2 Baths
1,080 SqFt
UPDATED:
01/13/2025 08:38 PM
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Square Footage 1,080 sqft
Price per Sqft $416
Subdivision Aurora Grove
MLS Listing ID N11921250
Tax Year 2024
Property Description
This profitable Portuguese fried chicken restaurant in Aurora has been operating successfully for the past 15 years. Spanning 1,080 square feet, it features a seating capacity of 12 and is conveniently located in a high-traffic area with excellent visibility. The restaurant boasts a professional commercial kitchen equipped with a 12-foot hood fan, a walk-in cooler, two washrooms, and an array of other equipment. There is ample parking available with approximately 40 spots. The lease is very favorable, with a monthly rent of $3,450 (including TMI and HST) and a remaining term of 2+5 years. The restaurant generates an average annual revenue of approximately $600,000, resulting in a substantial net profit after all expenses. Operating seven days a week from 11 AM to 7:30 PM, this business has cultivated a loyal customer base. The owner is selling due to their plans to return to their home country. This presents a unique opportunity for a new owner to either expand the business into a franchise or convert it into a different type of restaurant.
Location
State ON
County York
Community Aurora Grove
Area York
Zoning C5-3
Interior
Cooling Yes
Exterior
Lot Frontage 102.0
Lot Depth 220.0
Listed by REAL ONE REALTY INC.