54 Elgin West Street
Arnprior, Ontario K7S1N5
Est. P&I payment: $3418.29/mo
Description for 54 Elgin West Street, Arnprior, Ontario K7S1N5
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  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.
My Notes for MLS #1040055
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The listing information for 54 Elgin West Street, Arnprior, Ontario K7S1N5 was graciously provided by our friends at the listing brokerage, KELLER WILLIAMS SOLID ROCK REALTY
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Last Updated 10/21/2017 at 4:11am