Property Description

This is an exceptional opportunity to start a restaurant business at a fraction of the cost for a new set-up. This 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 Park across the street features a park-like setting along with 56 angled street parking stalls. The purchase of the restaurant assets makes it easy for a new operator to quickly set up a restaurant of their choice.

The asset sale includes cooking line equipment (two deep fryers, two flat tops, and double oven with six burners), two handicap washrooms, two food services counters, liquor service counter, range hood with fire suppression, walk-in cooler, staff washroom, manager’s office, make-up air unit and more. 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

SIZE OF PREMISES
3,221 SF

SALE PRICE
$49,000.00

LEASE RATE
$30 PSF (Current lease term expires March 31, 2024, with two additional options to renew for 5 years each. Purchaser to assume lease with landlord’s approval)

OCCUPANCY COSTS
$9.50 PSF

EQUIPMENT LIST
• Cooking line equipment (two deep fryers, two flat tops, and double oven with six burners)
• Make-up air unit & 10’ exhaust hood and fans (new $12,000.00)
• Two food services counters
• Liquor services counter
• Fire suppression system (new $4,400.00)
• Walk-in cooler
• Two full bathrooms/one staff washroom

POSSESSION
Immediate

ZONING
B1B

LEGAL DESCRIPTION
Surface Parcel 203021165

    412 Willowgrove Sq, Saskatoon, SK

    For Sale - Restaurant Assets

    3,221 SF
    $49,000
    Listing ID #2039
    Doug Hall
    Contact