$299,000
Available - For Sale
Listing ID: W12039304
401 Magnetic Drive , Toronto, M3J 3H9, Toronto
| This profitable, turn-key restaurant, bar and event venue offers a dynamic business model that caters to diverse customer needs throughout the day and night. During the day, it can be operated as a vibrant restaurant with a full-equipped kitchen, serving delicious meals in a welcoming environment. As the sun sets, the venue transforms into a lively bar, featuring DJ sets and live music to create an exciting nightlife experience. With a focus on private events, this venue is perfect for hosting corporate functions, birthday celebrations, and other special occasions. The current liquor license allows for the smooth operation of both the restaurant and bar, making it an attractive option for those looking to enjoy a drink with their meal or celebrate in style. The space is fully equipped and ready to run, providing a seamless transition for a new owner. Additionally, there is an opportunity for expansion with an adjacent 2,000 sq ft of space that is secured under the current lease with the landlord, offering potential for growth and additional revenue. |
| Price | $299,000 |
| Taxes: | $1.00 |
| Tax Type: | Annual |
| Monthly Condo Fee: | $1 |
| Occupancy: | Owner |
| Address: | 401 Magnetic Drive , Toronto, M3J 3H9, Toronto |
| Postal Code: | M3J 3H9 |
| Province/State: | Toronto |
| Directions/Cross Streets: | Dufferin St & Steeles Ave W |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 |
| Category: | Without Property |
| Use: | Bar/Tavern/Pub |
| Building Percentage: | F |
| Total Area: | 1402.00 |
| Total Area Code: | Square Feet |
| Retail Area Code: | Sq Ft |
| Area Influences: | Major Highway Public Transit |
| Business/Building Name: | Jay Jay Venue |
| Financial Statement: | F |
| Chattels: | T |
| Franchise: | F |
| Days Open: | O |
| Hours Open: | 5 p.m-1 |
| Employees #: | 10 |
| Seats: | 60 |
| Sprinklers: | Yes |
| Washrooms: | 2 |
| Rail: | N |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Yes |
| Sewers: | Sanitary |
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| KW Living Realty |
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Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Sale Of Business |
| Area: | Toronto |
| Municipality: | Toronto W05 |
| Neighbourhood: | York University Heights |
| Tax: | $1 |
| Baths: | 2 |
| Fireplace: | N |
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