383 Eglinton Avenue East, Toronto (Mount Pleasant East) - Business for Sale
383 Eglinton Avenue East, Toronto (Mount Pleasant East), Ontario, M4P1M5
This business in Toronto is for sale offering roughly 980 sq ft of space.
Description
Exceptional opportunity to own a well-established Gabby's Franchise Pub & Restaurant in one of Toronto's busiest locations at Eglinton Avenue East & Mount Pleasant Road. Successfully operating for over 35 years, this profitable licensed restaurant enjoys a loyal customer base, strong neighborhood presence, and excellent visibility in a high-traffic commercial area. Weekly sales are approximately $15,000 (as per Seller), with over 70% of revenue generated from liquor sales, producing an impressive 75%+ gross profit margin on liquor. Very affordable occupancy costs with rent and TMI totaling only $4,484 per month. The business also includes a large one-bedroom apartment upstairs, currently rented for $2,000 per month, providing valuable additional income and helping offset operating expenses. Long-term lease in place until October 2030, plus one additional 5-year renewal option, offering long-term security. Fully LLBO licensed with 41 indoor seats and a 35-seat licensed outdoor patio, making it ideal for year-round dining and seasonal patio service. Operating hours are Monday to Friday from 3:00 PM to 2:00 AM and Saturday & Sunday from 12:00 Noon to 2:00 AM. Low flat franchise royalty and advertising fees. Online ordering is available through Uber Eats, DoorDash, and Gabby's online ordering platform, providing multiple revenue streams. Excellent opportunity for an owner-operator, family business, investor, or experienced restaurateur looking to acquire a profitable Toronto restaurant with stable cash flow and significant growth potential. Plenty of opportunities to increase sales through expanded marketing, catering, special events, sports nights, entertainment, and extended food promotions. Turnkey operation, repeat clientele, trained staff, and strong comm Rare. (We are not willing to de-brand, and any buyer is subject to approval to ensure they're a good fit. We won't hold anything up, but we do need to be confident the new buyer aligns with the operation.) (id:66096)
Property Details
- MLS®
- C13527936
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- R(d2*943)
- Interior Size
- 980 ft²
- Lot Size
- 24 × 82 ft (1,940 sq ft)
- Frontage
- 24 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Garage
- Other
- Property Tax
- $21,000/yr
- Listed
- 121 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 121 days on market, against an average age of 56 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 (Mount Pleasant East) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M4P)
This home lists at $230,000, about 3.1× the local median household income of $74,500.
Carrying it typically needs a household income of about $44,927 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $74,500
- Population
- 25,057
- Median age
- 36.8
- Owner / renter
- 26% / 75%
- Avg. household size
- 1.8
Source: Statistics Canada, 2021 Census (FSA M4P)
Book a showing
Pick a time that suits you. A verified local agent confirms within 24h.
Buying this business?
Acquisition financing works differently from a property mortgage. Tell our partner brokers at iShopRates what you are buying and they will come back with options.
Ask about acquisition financing →
$230,000
Toronto