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$399,000
Est. payment /mo
1,215 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,215 sqft
Price per Sqft $328
Subdivision Springfield/Spall
MLS® Listing ID 10335001
Originating Board Association of Interior REALTORS®
Property Description
This well established Exotic restaurant is an exceptional value. Currently, the business enjoys a strong clientele, with a reputation for high-quality fresh dining. Originally a 24-seat restaurant, the venue has expanded by adding an additional 30 outdoor seats with a covered and heated space, for use all year round. Owner further wants to add another 25 seats by building a mezzanine floor. The restaurant is equipped with modern, state-of-the-art kitchen equipment (established 2022), and offers the potential to provide catering services, delivery systems and other growth opportunities. Located in a high-traffic area surrounded by offices, the restaurant sees a busy lunchtime trade, catering to both dine-in patrons and takeaway orders. With only five days of operation per week, the opportunity to expand to seven days can increase revenue. Priced at only $399,000, this is an opportunity that offers incredible value. It will cost more than asking price to establish such a restaurant in 2025. With rent at just $3,570 per month, all-inclusive, the location provides a cost-effective advantage that is difficult to match. Please note the sale only includes asset, and not the brand and trademark. Brand and Inventory would be additional. Full financials, a list of equipment, and further details will be provided upon signing of a non-disclosure agreement and after touring the restaurant. This is truly a once-in-a-lifetime opportunity for the right buyer. (id:24570)
Location
Province BC
Zoning Unknown
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 3
Private Pool No
Building
Sewer Municipal sewage system
Others
Acceptable Financing Monthly
Listing Terms Monthly
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Listed by Royal LePage Kelowna