FOR SALE: Five Mississauga Restaurants
Have you ever wanted to buy a restaurant?
If you’re in the market to create a brand new concept that’s all your own or take over a successful, tried and true operation that’s just looking for a new owner, you might be surprised to find a plethora of resto-for-sale listings on MLS.
Here are a few exciting ones that we stumbled upon during a casual search of www.realtor.ca.
5) Elite Royale
If you want a lofty project, you can purchase the Elite Royale restaurant and banquet facility for a cool $199,000. Located at 2120 Dundas St. E., the property is 6,032 sq. ft. and licensed for 238 guests. If you want to redevelop the property you can, but it is being marketed as a turnkey restaurant opportunity. If you're interested in starting from scratch, the facility could be turned into a car dealership, medical or veterinary office, funeral home, school or hotel.
If you have $49,000 burning a hole in your pocket, you can buy the BBQ restaurant on Fewster Dr. The quick-service resto (which is actually licensed) is located in an industrial area and you can continue to run it as is. It offers hot food, cigarettes, chips, coffee, burgers and sandwiches and currently generates $100,000 a year in sales. If you want to lease it, it's $2,000 a month.
If you have $79,900 lying around, you can own Masala Express on Maritz Drive. This family-run turnkey operation boasts lots of parking, a busy location and a tastefully decorated and furnished space with a "high quality fully equipped kitchen" and walk-in cooler. While the current resto serves Indian and Pakistani cuisine, it can serve different food should you want to serve something else. Training can be provided should you decide to rent or purchase the space.
For $79,907, this Quiznos could be yours. According to MLS, the location nets weekly sales of $5,500 and can be leased for $4,423 a month. The owners are asking the new franchisee to be discreet and avoid speaking to employees (presumably about the sale). All chattels and fixtures are included.
If you like Greek food, you can operate this resto for $99,000. Keepin in Greek, located on Dixie Road, serves chicken souvlaki, mouskaka fourno, kalamari and other Greek menu items. If you're not a huge fan of Mediterranean food, you can serve a different cuisine. Currently only open for lunch, the resto uses 1,500 sq. ft. of the facility for its kitchen and dining area and the rest for distributing "food related products." The space comes with a 20x50 ft. freezer/cooler that can be purchased separately. You can also lease the space for $5,100 a month.
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