$325,000
Available - For Sale
Listing ID: W11950152
401 Magnetic Dr , Unit 39-40, Toronto, M3J 3H9, Ontario


Rare Opportunity. Established Restaurant & Bar for Sale! This Restaurant & Bar Offers a Modern, Luxuriously Designed Space, Featuring a Fully Equipped, Fully Renovated Interior, State-of-the-Art Sound and Lighting Systems. This place is excellent for selling food, beer, and liquor as well as for any private events.And also it can be rented out for all kinds of events and occasions with DJ-playing music or music band playing all year round. Perfect for Entrepreneurs Looking to Own a Turnkey Entertainment Business with Proven Profitability. Every Equipment inside the restaurant & bar is included in the listing price. The rent is very low just more than 3K including TMI & Tax. The lease is very new (5 years & 5 years option)
Extras:   Buyer shall pay Security Deposit($30,273.32) back to the Seller.
Price $325,000
Taxes: $45448.56
Tax Type: T.M.I.
Occupancy by: Tenant
Address: 401 Magnetic Dr , Unit 39-40, Toronto, M3J 3H9, Ontario
Apt/Unit: 39-40
Postal Code: M3J 3H9
Province/State: Ontario
Directions/Cross Streets: Steeles Ave W and Dufferin St
Category: Without Property
Use: Bar/Tavern/Pub
Building Percentage: N
Total Area: 1402.00
Total Area Code:  Sq Ft
Office/Appartment Area: 0
Office/Appartment Area Code: Sq Ft
Industrial Area: 0
Office/Appartment Area Code: Sq Ft
Retail Area: 1402
Retail Area Code: Sq Ft
Business/Building Name: JAY JAY VENUE
Financial Statement: N
Chattels: Y
Franchise: N
Days Open: 6
Hours Open: 17PM -2
Employees #: 10
Seats: 100
LLBO: Y
Sprinklers: Y
Rail: N
Truck Level Shipping Doors #: 0
Double Man Shipping Doors #: 0
Drive-In Level Shipping Doors #: 0
Grade Level Shipping Doors #: 0
Heat Type: Gas Forced Air Open
Central Air Conditioning: Y
Elevator Lift: None
Sewers: Sanitary
Water: Municipal
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Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

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This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
HOMELIFE FRONTIER REALTY INC.
Personal Picture
Imran Gondal
Broker
Dir:
416-828-6614
Bus:
905-270-2000
Fax:
905-270-0047
 
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At a Glance:
Type: Com - Sale Of Business
Area: Toronto
Municipality: Toronto
Neighbourhood: York University Heights
Style:
Lot Size: 0.00 x 0.00(Feet)
Approximate Age:
Tax: $45,448.56
Maintenance Fee: $0
Beds:
Baths:
Garage: 0
Fireplace:
Air Conditioning:
Pool:
Locatin Map:
Payment Calculator:
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