This well established downtown icon has been thriving since 1967. It offers a fantastic opportunity to own a turnkey business with a loyal customer base and prime visibility, all while continuing to produce strong income. With a prime location in a high-traffic area, the business benefits from steady repeat clientele along with high foot traffic during breakfast/lunch/dinner times. This restaurant is also listed on major food delivery platforms including Valley Eats and Uber Eats. The restaurants loyal customer base and longstanding reputation for quality meals and excellent service makes it an ideal choice for both experienced restaurateurs and those entering the restaurant biz. The second level offers 2 one(+) bedroom residential apartments (each with separate hydro metre). The basement is dry, and presently used for storage, staff bath, walk in fridge and office space. Upgrades include: Full renovation of customer washrooms in restaurant (2020); Installation of two electric high volume air conditioners and heat pump units (2022); Electric hot water tank for restaurant (2023); Custom security door at back of restaurant (2023). Bonanza is a local family brand restaurant with over 50 years of fantastic service and comforting home style food - ready for new ownership and new opportunity. 60 seat dining capacity. Full restaurant financials available to qualified buyers. 24 hour irrevocable on all offers. (id:4069)
Address
119 PEMBROKE STREET W
List Price
$419,900
Property Type
Business
Transaction Type
Sale
Area
Ontario
Sub-Area
Pembroke
Bathrooms
5
Floor Area
3,775 Sq. Ft.
Lot Size
Bldg=24.5 x 99 FT Sq. Ft.
Lot Depth
99 ft
Frontage Length
24 ft ,6 in
MLS® Number
X12509664
Listing Brokerage
RE/MAX PEMBROKE REALTY LTD.
Postal Code
K8A5M7
Zoning
C-3
Heat Source
Natural gas
Heat Type
Forced air
Cooling Features
Fully air conditioned
Water Source
Municipal water
