Restaurant lease and Assets For Sale

Price: $299,000

Location: Appleby Crossing Retail Centre near Dundas and Appleby Line, Burlington ON

Industry: Restaurant

Listing ID: EBB-RICKYS

Listing Description

Company Overview Restaurant facility ready for the next great concept.

Adjust easily to your own brand.

Over $1.1M spent in fixtures, fittings, leasehold improvements, equipment, furniture in 2016

 

Currently operating as a Ricky’s All Day Grill until mid-July 2018

 

Asset sale only.

Listing Details

Down Payment: $299,000

(Included in Price)

Location

Facilities Information:

Lease assignment; 3,519 s.f.
Lease remaining 8 years plus three 5 year renewals
Base rent to May 2021, $39 sf
Base rent June 2021 to May 2026, $42.50 sf
Current common area maintenance cost $3.65 sf
Taxes $5.49 sf
Landlord approval required