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$ 895,000

54 ELGIN WEST STREET, Arnprior, ON, K7S 1N5

Listing ID# 1040055
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$ 895,000

  • 54 ELGIN WEST STREET
    Arnprior, ON K7S 1N5
  • Listing ID 1040055
  • Building Type: Retail
  • Status: For Sale/Active
  • Days on Market: 249
  • Rooms: 0

Property Description

THIS BUSINESS OPPORTUNITY WILL YIELD AN ANNUAL NET INCOME OF $ 240,000.00+ TO THE OWNER BEFORE TAXES, SALE INCLUDES THE BUILDING, LAND AND BUSINESS TRADE NAME. THIS RESTAURANT HAS A GREEK and CANADIAN MENU WAS ESTABLISHED OVER 75 YEARS AND OPERATED BY THE SAME OWNERS FOR THE PAST FORTY-FIVE [45] YEARS. THE MAIN FLOOR 2,500SF, HAS 160 SEATS AND THE PREP AREA, STOCK ROOM AND WASHROOMS ARE IN THE BASEMENT. THE SELLERS WISH TO RETIRE AND ARE WILLING TO STAY ON FOR THE TRANSITION AND MORE. BUSINESS HOURS OF OPERATION ARE FROM 7AM TO 8PM. THE RESTAURANT CARRIES A STOCK OF +/- 26,000.00. A COMPLETE EQUIPMENT LIST TO BE PROVIDED FOR DUE DILIGENCE INCLUDING 3 YEARS OR MORE OF FINANCIAL STATEMENTS SHALL BE PROVIDED WITH ACCEPTED OFFER AND OTHER DOCUMENTS AS REQUESTED. THE BUYER CAN PURCHASE THE RESTAURANT ONLY WITH AN OPTION TO PURCHASE THE BUILDING OR A RENT TO OWN THE BUILDING SCENARIO. THE SELLERS ARE WILLING TO PARTICIPATE IN THE FINANCING PROVIDED THE BUYER IS AN EXCELLENT COVENANT.



Listing courtesy of KELLER WILLIAMS SOLID ROCK REALTY


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