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Kalpesh Patel (KK)

Broker
Homelife/Miracle Realty Ltd., Brokerage Independently owned and operated. 5010 Steeles Ave. west, Toronto, Nunavut M9V5C6 Cell: 416-418-7039Office: 416-747-9777Fax: 416-747-7135

$180,000
Available - For Sale
Listing ID: X11937430
685 Queen St E St , Sault Ste Marie, P6A 2A6, Ontario


Don't miss the opportunity to own a highly successful and well-loved plant-based restaurant in Sault Ste. Marie, Ontario. Specializing in delicious and nutritious plant-based cuisine, this thriving business is strategically located in a high-traffic street within a vibrant and growing community. The restaurant boasts steadily increasing revenue, driven by a strong and loyal customer base, a stellar reputation, and low overhead costs, making it a highly profitable investment. It operates with a well-trained, experienced staff, ensuring seamless day-to-day operations and a smooth transition for new ownership. With a long-term lease in place, the business offers stability and significant potential for expansion in the rapidly growing plant-based food industry. Additionally, buyers may benefit from government incentives available for businesses in Northern Ontario, providing further financial advantages. Whether you're an aspiring entrepreneur or an experienced restaurateur, this is a rare opportunity to own a thriving business in a market with immense growth potential. Act now to take advantage of this exciting opportunity and be part of the plant-based revolution!
Extras:   Food Cost: Approx. 30-32%, Labor Cost: Approx. 21%, NO ROYALTY. LOW RENT, LONG TERM LEASE.
Price $180,000
Taxes: $2025.00
Tax Type: T.M.I.
Occupancy by: Owner
Address: 685 Queen St E St , Sault Ste Marie, P6A 2A6, Ontario
Postal Code: P6A 2A6
Province/State: Ontario
Lot Size: 26.99 x 103.12 (Feet)
Directions/Cross Streets: QUEENT ST E & EAST ST
Category: Without Property
Use: Restaurant
Retail Area: 2065
Retail Area Code: Sq Ft
Area Influences: Major Highway   Rec Centre
Financial Statement: Y
Chattels: Y
Franchise: N
Days Open: 7
Hours Open: 09
Employees #: 3
Seats: 70
LLBO: Y
Outside Storage: N
Heat Type: Gas Forced Air Closd
Central Air Conditioning: Y
Water: Municipal
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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.
ELIXIR REAL ESTATE INC.
Personal Picture
Kalpesh Patel (KK)
Broker
Dir:
416-418-7039
Bus:
416-747-9777
Fax:
416-747-7135
 
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At a Glance:
Type: Com - Sale Of Business
Area: Algoma
Municipality: Sault Ste Marie
Neighbourhood:
Style:
Lot Size: 26.99 x 103.12(Feet)
Approximate Age:
Tax: $2,025
Maintenance Fee: $0
Beds:
Baths:
Garage: 0
Fireplace:
Air Conditioning:
Pool:
Locatin Map:
Payment Calculator:
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