Data was last updated 2023-07-19 at 17:28:16 GMT
$139,000

6R & 7 3290 Midland Ave   Toronto, Ontario

MLS®: E6130540
URL:    
Great Location, , In The Heart Of Scarborough's Well Known Scarborough Village Mall With Busy Traffic. Adjacent To The Popular Skycity Shopping Centre. The Restaurant Has Been Operating  Profitably For 13 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. New Buyer To Assume The Existing Lease And May Negotiate Longer Lease With The Landlord.
Great Location, , In The Heart Of Scarborough's Well Known Scarborough Village Mall With Busy Traffic. Adjacent To The Popular Skycity Shopping Centre. The Restaurant Has Been Operating Profitably For 13 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. New Buyer To Assume The Existing Lease And May Negotiate Longer Lease With The Landlord.

Listing Information

Prop. Type:
Sale Of Business
City:
Toronto
Status:
Active
MLS® Number:
E6130540
Neighbourhood:
Milliken
Area:
Toronto
Province:
Ontario
Listing Date:
Jun 08, 2023
Listing Price:
$139,000
Taxes:
$20
Apartment Number:
6R & 7
List Price Code:
For Sale

General Information

Tax Type:
T.M.I.
Lot Code:
Unit
Fin. Statements Available:
N
Franchise?:
N
Freestanding?:
N
Retail Area:
1692 Sq Ft
Total Area:
1692.00 Sq Ft
Seats:
80
Possession Terms:
TBA
Tax Year:
2022

Additional Information

Heating Type:
Gas Forced Air Open
Chattels:
Y
Basement Description:
N
Extras:
Current Monthly Gross Rent $10,053.30 (Net Rent $7
Garage Type:
Plaza
Utilities Available:
Y

Financial Information

Employees:
5
Expenses (Act/Est)?:
Est
Gross Income:
1250000
Operating Expenses:
1100000
Year Expenses:
2022
Net Income (Before Debt):
150000
Days Open:
6
Hours Open:
5-5

Land Information

Water Service:
Municipal

Other Information

Business Type:
Restaurant
Business Name:
Scarborough Village Mall
Property Type:
Without Property
Area Influences:
Public Transit
Air Conditioning:
Y
Zoning:
Commercial
Seller Info Statement:
N

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This property is listed by Visar Realty Inc. and provided here courtesy of WB Group. For more information or to schedule a viewing please contact WB Group.
WB Group
Keller Williams Referred Urban Realty, Brokerage
Phone: 416 651-1777
Mobile Phone: 416 651-1777
Inquire Via Email
The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Toronto Real Estate Board.