Price: $649,000

240 Leighland Avenue, Oakville, ON L6H 3H6

An exceptional restaurant conversion opportunity awaits with this stunning, high-end Italian restaurant in the vibrant heart of Oakville. Boasting a state-of-the-art buildout completed in 2022 at an impressive $1.3M investment, this space emits elegance and functionality.The restaurant offers a spacious and versatile layout, featuring distinguished booths, a charming patio, and private dining rooms perfect for hosting everything from intimate gatherings to grand celebrations. It also includes a large, transferrable liquor license for 104 patrons, along with all chattels and equipment as part of the sale. Situated just north of the QEW within the prestigious Oakville Place Mall, this prime location ensures excellent visibility and accessibility for both locals and visitors. Ample mall parking adds to the convenience, making it an ideal spot for a thriving dining establishment. Trade name is not included. Dishwasher & Glass Washer are rentals and must be assumed by the Buyer. Please do not go direct or speak to staff. Your discretion is appreciated. **EXTRAS** * Net Rent = $6,461.78 * TMI = $4,215.14 * Gross Rent = $12,064.93 Including TMI & HST * Lease Expires April 2037 + 2 X 5 Year Renewal Options * 2345 Sq Ft * LLBO = 104 (60 Inside + 44 Patio) *


Property Overview

Property type

Commercial - Sale Of Business

Building Area

2345 Square Feet

List Price

$649,000

Gross Income

N/A

Annual Taxes

$0

Tax year

2024

Business Type

Restaurant

Years in Business

N/A

Location

Oakville, ON

Status

Pending

Franchise

No

Last Updated

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Financial Information

Gross Revenue

Annual revenue

Seller's Discretionary Earnings

Normalized earnings

EBITDA

Operating profit

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All financial information is subject to verification during due diligence. Contact the seller for detailed financial statements and documentation.

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