3991 Major Mackenzie Drive W, Vaughan, Ontario L4H 4G1

Listed for:
$900,000
0 beds
3 baths
Listed 129 days ago
3991 Major Mackenzie Drive W, Vaughan, Ontario L4H 4G1

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Listing provided by:
CENTURY 21 PEOPLE'S CHOICE REALTY INC.
MLS® number:
N7391382
Agent:
Nish Shah
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About

Opportunity to become a writer of your fate and own a very exquisite and profitable bar & Italian restaurant. This profitable place is an one in lifetime opportunity to become a business owner in one of the luxurious community of Vaughan/Woodbridge. GREAT LOCATION AND AN OPPORTUNITY TO CONVERT IN YOUR CHOICE OF CUISINE TOO. Turn Key Operation W/Owners Willing To Train. Capacity Of 130 including patio for summer business. Operate 6 days a week and very potential to grow the business by opening lunch hours. Fully Equipped Kitchen, Exhaust Hood, Walk-in freezer, cooler, Dining Furniture, stone pizza oven, bar and many more chattels. Ample Parking W/Many Windows, Surrounded By Vaughan's Premiere Residential Addresses W/Many New Homes Being Built, Hwy 400, Wonderland within Steps Neighboring Kleinburg. **** EXTRAS **** Apx. $1.3 - $1.5 Mn annual. Rent of apx. $11500 (incl. TMI & HST). Food Cost- 35%, Labor Cost - 28%. Long lese available with optl yrs. Motivated seller to sell and can train new buyer on current operation or option to change the cuisine (id:27476)

Property Highlights

Type
Cooling type
Fully air conditioned
Heating fuel
Natural gas
Fireplace
No
Construction material
Parking space
Ownership Type
Amenities nearby
Highway

Location

Summary

Located in the luxurious community of Vaughan/Woodbridge, this unique opportunity offers the chance to become the owner of a highly profitable bar and Italian restaurant. With the potential to convert to a different cuisine, this turnkey operation comes with the added benefit of owners willing to provide training. The establishment has a capacity of 130, including a patio for summer business, and operates six days a week, with the potential for growth by adding lunch hours. The fully equipped kitchen includes an exhaust hood, walk-in freezer, cooler, dining furniture, stone pizza oven, and bar, among other chattels. Additionally, ample parking and a prime location surrounded by Vaughan's premiere residential addresses and new homes being built, make this an ideal investment opportunity.

With an annual revenue of approximately $1.3 - $1.5 million, the property has a rent of approximately $11,500, including TMI and HST. The food cost is 35% and labor cost is 28%, with a long lease available and optional years. The motivated seller is open to training the new buyer on the current operation, or the option to change the cuisine.

Featuring a land size of 1 x 1 FT, this property is located at 3991 MAJOR MACKENZIE DR W in the city of Vaughan, Ontario, with a postal code of L4H4G1, in the community of Vellore Village. The property includes a total of 3 bathrooms and is fully air conditioned for comfort.

Street Spotlight - For sale