Charles Zhou  778-855-1110  charleszhou@remax.net

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in Vancouver: Kitsilano Business Only for sale (Vancouver West) : MLS® # C8014208

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Main Photo:  in Vancouver: Kitsilano Business Only for sale (Vancouver West)  : MLS® # C8014208
$1,289,000
Prop. Type:
Business Only
MLS® Num:
C8014208
Status:
Active
Bus Major:
Food & Beverage
Bus Minor:
FB - Restaurant
Build. Type:
Low Rise (2-4 stories)
A Vancouver Landmark owner/operated 120 seat (incl 28 seat patio) Restaurant available. A Vancouver Institution since 1970. Centrally located along W. Broadway: Steady foot traffic, near all major transit; and surrounded by up-and-coming developments. Includes 2 large storage spaces. 4 dedicated underground parking spots, loading dock access. Pristine condition, loyal, long-term clientele, long-term supply contracts. This profitable, turn-key restaurant with gross sales of $1.2M, and Net Income $360K is ready for an owner/operator to take sales and earnings to the next level. Opportunity for Gross Sales $2.4M, and Net Income over $800K. Currently only open 8AM-4PM, licensed to stay open to 11PM (has liquor license), Franchise Plan available, Total Monthly lease $14,577.57, Lease until 2024. Includes $525,000 in equipment and inventory (including restaurant vehicle). $1.38M spent in renovations over the past 5 years. NDA Required. Own a piece of Vancouver History!!
Sale Type:
Asset
Lease Type:
Net
Lease Term:
84
Total space avail for lease:
Switch units of measure2,554 sq. ft.
Property Type:
Business Only
Business Name:
CONFIDENTIAL
Major Bus Type:
Food & Beverage
Minor Bus Type:
FB - Restaurant
Bus Op Since:
1970
Construction:
Brick/Masonry, Concrete
Building Type:
Low Rise (2-4 stories), Mixed Use, Street-Level Storefront, Warehouse
Year built:
2004 (Age: 13)
Total Floor Area:
Switch units of measure2,199 sq. ft.
Wrhse Size:
Switch units of measure225 sq. ft.
Other Size:
Switch units of measure100 sq. ft.
Land Use/Zoning:
C-2C1
Taxes:
$16,648.19 / 2017
Air Conditioning, Alarm System, Handicap Access/Facil, Storefront, Storage, Washrooms Female/Male
HVAC:
Central A/C, Forced Air
Env Assmt Phase:
Not Applicable
Cap Rate %:
Other Income:
Effective Gross Income:
Gross Income:
Oper. Expenses:
Tot Gross Sales:
Condo Fee:
Lse Op Costs SF:
Listed Date:
Previous Price:
Original Price:
Listed by Oakwyn Realty Ltd.
Listing information last updated on 21-Aug-2017 5:05 PM
CHARLES ZHOU PREC