Price: $298,000

3850 Steeles Avenue W unit #1, Vaughan, ON L4L 4Y6

Well-known Italian restaurant established in 1986, with almost 40 years of successful business. 5-star Google rating, excellent reviews and loyal customers. Elegant and respectful atmosphere, excellent service, friendly staff, highly professional kitchen team. Restaurant /3.018 sg.f./ with beautiful dining area licensed for 98 seats, the place is comfortable for a quiet private dinner and also ideal for hosting parties, special events and gatherings. Open 6 days a week, Sunday only for private functions. Extra space on 2 nd floor used as an office, storage, separate utility rooms, 2 additional washrooms for employees, 2 extra side entrances. Large parking area around. It's a turnkey deal. The place is beautiful and fully equipped. Everything is in good working condition and ready for immediate operation. Flexible Cuisine Options. The lease is till December 5/2028, plus a 5-year renewal option. The owner is retiring after 43 years in business.


Property Overview

Property type

Commercial - Sale Of Business

Building Area

3018 Square Feet

List Price

$298,000

Gross Income

N/A

Annual Taxes

$11,549

Tax year

2025

Business Type

Restaurant

Years in Business

N/A

Location

Vaughan, ON

Status

Active

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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