2891 Danforth Avenue Toronto, Ontario M4C 1M1

$299,000

Rare opportunity to own a well-established, family-owned Bangladeshi/Halal restaurant in a high-traffic Danforth Avenue location. Khazana Queen offers authentic Bengali cuisine, renowned biryani specialties, a loyal customer base, and a vibrant dining atmosphere. This fully equipped, operating business is an excellent turnkey opportunity for an experienced restaurateur or entrepreneur. The restaurant features approximately 1,800 sq.ft including the main floor and lower level, with seating for approximately 65 guests, including 45 on the main floor and 20 downstairs. The current owner has invested over $100,000 in renovations and improvements. Reported monthly gross sales are approximately $40,000-$45,000, with an approximate 15% profit margin. The business currently employs 12 staff members, and the owner is willing to provide training and transition support to the new operator. The premises are fully equipped with central A/C and heating, cooling units, commercial stove, commercial hood, commercial faucet, deep fridges, coolers/freezers, commercial fans, TV, central music system, microphone, POS system, new chairs, furniture, and more. Three washrooms are available, including one full washroom. Two dedicated parking spaces are also included. Lease: Approximately $2,333/month including TMI, with approximately 1+3 years remaining and renewal likely. Tenant responsible for water, hydro, gas, and hot water rental. Strong online presence with active website, social media, and online ordering platform. Ideally located at 2891 Danforth Avenue, surrounded by a busy commercial plaza with excellent foot and vehicle traffic. A true turnkey opportunity with an established operation, loyal clientele, attractive lease, extensive equipment, and training support. (id:50976)

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https://www.realtor.ca/real-estate/30144460/2891-danforth-avenue-toronto-east-end-danforth-east-end-danforth