Business for sale

273 Lonsdale Avenue, Lower Lonsdale, North Vancouver

$455,000 or
$455,000 or

Business for sale

273 Lonsdale Avenue, Lower Lonsdale, North Vancouver

Features

Lifestyle
224968108 455000 /en/business~for-sale~lower-lonsdale-north-vancouver/224968108?view=Summary /en/business~for-sale~lower-lonsdale-north-vancouver/224968108/photos 49.3134900000 -123.0775900000 true
Floor Area
1,589 sqft
Building Type
Mixed Use
Zoning
C1
Major Business Type
Food & Beverage
Minor Business Type
FB - Restaurant
96

Description

A recently built modern restaurant situated in North Vancouver's desired Lower Lonsdale, including a state-of-the-art kitchen and all new equipment, operating at around $1 million in sales per year, with a great chance of doubling that amount by expanding the hours and adding more seats (new application necessary). Licensed patio also accessible. This site has a high-capacity kitchen that can accommodate all its dine-in customers as well as customers using all channels, including Door Dash, Skip, and Uber. Completely remodeled dining and bar area, with furniture, the complete project cost around $1 million. With a monthly rent of $7,718 and over 2400 square feet of premium retail space (around 1750 square feet on main, and 650 sf storage), this lease has seven years left on it with a three-year renewal option. Social media, high traffic website, thousands of online followers and great customer reviews are all part of the sale package; IP included. NDA required, please do not approach staff or management.
MLS® Number C8063039

Listing REALTOR®

Jean Seguin, REALTOR<sup>®</sup>, Personal Real Estate Corporation

Jean Seguin

REALTOR®, Personal Real Estate Corporation

RE/MAX Real Estate Services

RE/MAX Real Estate Services,

Location

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  • The amounts shown above are for information purposes only and do not include taxes, if applicable.
  • You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property.
  • This calculator doesn't calculate the further 2% tax on residential property greater than $3,000,000 or the additional property transfer tax on residential property transfers to foreign entities or taxable trustees. Learn more about property transfer tax.
  • There are additional costs to buying a home. Speak with your REALTOR® for more information.
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