Michael Tzakas
Sales Representative
RE/MAX Hallmark Realty Ltd, Brokerage
Independently owned and operated.
685 Sheppard Ave East, Richmond Hill, Ontario M2K 1B6
Cell: 416-561-3911Office: 416-494-7653
$149,000
Available - For Sale
Listing ID: E8474098
8 Glen Watford Dr , Unit G6-7, Toronto, M1S 2C1, Ontario
| Established Hong Kong-style restaurant available in Scarborough! This well-known community favourite has been around for over 20 years and boasts a loyal customer base. Located at a high-traffic corner on Sheppard Ave and Midland Ave, the restaurant occupies a prime spot within a plaza with ample parking. This 1,100 sq ft space on the main floor features 46 seats, 2 washrooms, and basement storage. The fully equipped commercial kitchen includes a 20 ft exhaust fan and 2 walk-in fridges, perfect for supporting dine-in, takeout, and delivery services. Currently open 7 days a week from 7AM to 4PM, the restaurant generates approximately $50,000 in monthly sales and enjoys significant profits. The surrounding mature neighbourhoods and businesses create a steady breakfast and lunch rush, with the potential for significant growth by expanding dinner service. The monthly rent is $5,917 (including TMI & HST) and lease has 3.5 + 5 years remaining. This is a fantastic opportunity to own a well-established and profitable business in a prime Scarborough location. This restaurant can be rebranded to offer a different cuisine if desired. |
| Extras: All Existing Chattels. All Business Numbers Are As Per Seller, Listing Broker Has As Not Verified Accuracy, Buyers Are Welcome To Perform Due Diligence. |
| Price | $149,000 |
| Taxes: | $1000.00 |
| Tax Type: | Annual |
| Occupancy by: | Tenant |
| Address: | 8 Glen Watford Dr , Unit G6-7, Toronto, M1S 2C1, Ontario |
| Apt/Unit: | G6-7 |
| Postal Code: | M1S 2C1 |
| Province/State: | Ontario |
| Legal Description: | UNIT 52, LEVEL 1, METRO TORONTO CONDOMIN |
| Directions/Cross Streets: | Sheppard Ave & Midland Ave |
| Category: | Without Property |
| Use: | Restaurant |
| Building Percentage: | N |
| Total Area: | 1100.00 |
| Total Area Code: | Sq Ft |
| Retail Area: | 800 |
| Retail Area Code: | Sq Ft |
| Business/Building Name: | HK Garden |
| Financial Statement: | N |
| Chattels: | Y |
| Franchise: | N |
| Days Open: | 7 |
| Hours Open: | 7AM-4PM |
| Employees #: | 7 |
| Seats: | 46 |
| LLBO: | N |
| Sprinklers: | Y |
| Washrooms: | 2 |
| Heat Type: | Gas Forced Air Closd |
| Central Air Conditioning: | Y |
| Water: | Municipal |
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Years
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| REAL ONE REALTY INC. |
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|
Michael Tzakas
Sales Representative
Dir:
416-561-3911
Bus:
416-494-7653
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Sale Of Business |
| Area: | Toronto |
| Municipality: | Toronto |
| Neighbourhood: | Agincourt South-Malvern West |
| Tax: | $1,000 |
| Baths: | 2 |
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