383 Eglinton Avenue E,Toronto (Mount Pleasant East), ON M4P1M5
Toronto (Mount Pleasant East), ON M4P1M5
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:13843)
Details
| MLS # | C13527936 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 112 |
| Listing Provided By | REMAX YOUR COMMUNITY REALTY | MIKE ALIPOUR |
Features
| SQ Feet | 980 |
|---|---|
| Zoning | R(d2*943) |
Interior
| Cooling | Fully air conditioned |
|---|---|
| Heating | Forced air, Natural gas |
| Fireplace Yes / No | No |
Parking
| Parking Features | Other |
|---|
Utilities
| Water Source | Municipal water |
|---|
Taxes
| Tax Annual Amount | 21000 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Toronto (Mount Pleasant East) |
| Postal Code | M4P1M5 |
| Listing VS Median (in M4P1M5) | |
Price: $230,000 low | high Med: $230,000 sqft: 980 low | high Med: 980 $ / sqft: $235 low | high Med: $235 On site: 112 low | high Med: 112 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Toronto (Mount Pleasant East) |
| Postal Code | M4P1M5 |
| Listing VS Median (in M4P1M5) | |
Price: $230,000 low | high Med: $230,000 sqft: 980 low | high Med: 980 $ / sqft: $235 low | high Med: $235 On site: 112 low | high Med: 112 | |