Quick Serve Restaurant

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Quick Serve Restaurant

Asking Price: $250,000
Revenue: Undisclosed
Cash Flow: Undisclosed
EBITDA: Undisclosed
Reference # : 1382895
Business Category: Retail
Location: Ottawa, Ontario
Contact Number: (613) 829-1818
Views: 80
Description

Iconic Centre Town location now available as an asset sale with lease assumption at the corner of Bank Street and Somerset Street West.

A turn-key, beautifully finished, contemporary interior fit up for a quick serve retail business. The space is 1,750 square feet situated directly on the North West corner of the intersection.

The interior has high ceilings, two bathrooms, a kitchen prep area, service counter, bench and chair seating. This is a rare opportunity to acquire the lease rights to a prime retail corner space and grow your company. Benefit from high pedestrian and vehicular traffic in the urban core of Ottawa.

The lease in place expires in June 2028 giving the next operator substantial long term security. The lease is triple net with a current base monthly rent of $6,000.

The tenant pays building operating costs, HST and utilities in addition to the rent.

290 BANK STREET, Ottawa, Ontario K2P1X6

Additional Business Details
Real estate value/price: 
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Real Estate Included in Price: 
N/A
Inventory value: 
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Inventory Included in Price: 
N/A
Value of business equipment: 
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Included In price: 
Yes
Length of lease: 
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Assets, Training & Support
Support & Training?: 
Yes
Reason for Sale
Business Details
Relocatable: 
N/A
a Franchise: 
N/A
Asset sale: 
N/A
Lifestyle Business: 
N/A
Homebased: 
N/A
Absentee run: 
N/A
Seller financing available: 
N/A
Other Details
Length of ownership: 
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Employees Full Time: 
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Employees Part Time: 
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Proforma - Facts Sheet
Cost of goods sold: 
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Labor cost - hourly: 
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Labor cost - management: 
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Labor cost - commission: 
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Amortization: 
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Occupancy cost: 
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Utilities: 
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Property and business taxes: 
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Marketing and Promotion: 
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General expenses: 
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Contact this Seller

 
Broker - Agent

Mitch Gauzas

Real Estate Agent

Keller Williams Integrity Realty

Real Estate Agency