2574 Birchmount Road, Toronto (Tam O'Shanter-Sullivan) - Business for Sale
2574 Birchmount Road, Toronto (Tam O'Shanter-Sullivan), Ontario, M1T2M5
This business in Toronto is for sale offering roughly 1,650 sq ft of space. It has been on the market 49 days, fresher than the Toronto average of 64 days.
Description
**Excellent Opportunity To Own A Well-Established Restaurant Business In The Heart Of Scarborough!** Hunters Hut Has Been Proudly Serving The Community For 47 Years, Building A Loyal Customer Base And Strong Reputation. Prime High-Visibility Location With Consistent Foot Traffic, Approx. 75 Seats, And A Fully Liquor-Licensed Premises. Turnkey Operation With A Well-Equipped Setup And Excellent Potential For Continued Growth. Stable Gross Sales Of Approximately $900K Annually And Reported Net Income Of Over $250K Per Year. Ideal For An Experienced Operator Or Entrepreneur Looking To Step Into An Established Business. Seller Is Offering Training To Ensure A Smooth Transition. Opportunity To Continue The Existing Concept Or Rebrand Into A New Cuisine, Restaurant Concept, Or Franchise. Monthly Rent Of $8,626.72, Including TMI & HST. Lease Term Until September 14, 2027, With A 5-Year Renewal Option. Don't Miss This Opportunity To Take Over A Proven Business In A Strong Scarborough Location! ,Operating Hours Sun-Thur 7am to 11pm , Fri & Sat 7am -2am. (id:66096)
Property Details
- MLS®
- E13793444
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Commercial
- Interior Size
- 1,650 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 49 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 49 days on market, against an average age of 64 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This business in Toronto (Tam O'Shanter-Sullivan) has been listed for 49 days, which is 15 days fresher than the city average of 64. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M1T)
This home lists at $289,000, about 4.0× the local median household income of $71,500.
Carrying it typically needs a household income of about $56,452 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $71,500
- Population
- 34,607
- Median age
- 44.8
- Owner / renter
- 52% / 48%
- Avg. household size
- 2.6
Source: Statistics Canada, 2021 Census (FSA M1T)
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$289,000
Toronto