1734 Lawrence Avenue E Toronto, Ontario M1R 2Y2

$249,000

This profitable Indian Hakka Chinese restaurant, operating for 5 years, is situated at the corner of Lawrence Ave and Victoria Park Ave in Scarborough. It boasts approximately 1,300 sq ft of space, accommodating 30 seats, 2 washrooms, and a basement. The professional commercial kitchen features ample prep space, a 20-foot exhaust fan, 2 walk-in coolers, and other professional equipment. The plaza offers approximately 40 parking spaces. The monthly rent is approximately $4,400 (including TMI and HST). The lease has 1.5 years remaining and needs renewal every 5 years. The business operates 7 days a week, with hours of Monday to Saturday: 11 AM - 10 PM, and Sunday: 12 PM - 10 PM. Annual sales are approximately $500,000, with a substantial net profit. The business is well-established in the community and has a loyal customer base, ensuring consistent business. Due to the owner's decision to pursue other ventures, this lucrative restaurant is reluctantly being offered for sale. This restaurant can be converted into any other cuisines. **** EXTRAS **** All Existing Chattels. All Business Numbers Are As Per Seller, Listing Broker Has As Not Verified Accuracy, Buyers Are Welcome To Perform Due Diligence. (id:27910)

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