Property Description

This is a great opportunity to start a restaurant business at a fraction of the cost for a new set-up. This fully-operational restaurant location has been in operation since May 2014. Gateway Plaza, situated in the booming Willowgrove neighbourhood, is a 3-storey commercial/residential mixed-use development. The Village Square across the street features a park-like setting along with 56 angled street parking stalls. The purchase of the restaurant assets includes all equipment (except for tables, chairs and decor memorabilia) for the operation of a restaurant of your choice (food inventory not included). The purchaser would assume the existing lease with landlord’s approval. This location also has a liquor license.

PLEASE CONTACT LISTING AGENT TO ARRANGE A SHOWING

(PDF ATTACHMENT INCLUDES ASSET LIST)

SIZE OF PREMISES
3,221 SF

SALE PRICE
$129,900.00

LEASE RATE
$30.00 PSF (Current lease term expires March 31, 2024, with 2 additional options to renew for 5 years each. Purchaser to assume lease with landlord’s approval.

OCCUPANCY COSTS
$9.50 PSF

POSSESSION
Immediate

ZONING
B1B

LEGAL DESCRIPTION
Surface Parcel 203021165

    412 Willowgrove Sq, Saskatoon, SK

    For Sale - Restaurant Assets

    3,221 SF
    $129,900
    Listing ID #2039
    Doug Hall
    Contact