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Accommodation & Food Services

Turnkey Restaurant Opportunity North Vancouver

North Vancouver, BC, CAN
Listed 124 days ago

Turnkey Restaurant Opportunity. A well-established restaurant operating from a prime Central Lonsdale address is available for acquisition. This turnkey hospitality venue features a fully equipped commercial kitchen, professional ventilation system, and complete dining infrastructure, allowing a purchaser to begin operations immediately, either continuing the existing concept or introducing their own. The business has demonstrated consistent revenue growth over the past three fiscal years, reaching almost $600,000 in annual sales. The premises comprise approximately 1,100 SF on the main floor with basement storage functionally dedicated to tenant operations. Monthly occupancy cost is approximately $6,660 plus GST, representing attractive value for a Lonsdale Avenue address. The incoming purchaser will have the opportunity to negotiate a new long-term lease with no demolition clause in the initial term. Further details available upon execution of a Confidentiality Agreement. DO NOT APPROACH BUSINESS

Location

North Vancouver Central Lonsdale

Lease Terms

5+5

Real Estate

Lease

Leasehold Rent

$79,000 (CAD) per annum

Premises Details

This turnkey hospitality venue features a fully equipped commercial kitchen, professional ventilation. 1100sf plus very large storage

Size In Square Feet

1,100

Financials

Asking Price
$350K
RevenueMost Recent Year
$500K - $1M
EarningsLast Reported
Undisclosed
Assets Value
Undisclosed
Seller Financing
Not available

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