$355,000
Available - For Sale
Listing ID: W12831504
389 Main Street North , Brampton, L6X 3P1, Peel
| A Gold Mine Portuguese Restaurant Bar & Grill, established in 2017, is strategically located in the heart of Brampton at the intersection of Main Street and Vodden Street. The business is positioned within a high-density residential and commercial district, surrounded by thriving retail activity. With unobstructed frontage on Main Street, the unit benefits from exceptional visibility and consistent high-traffic exposure-an ideal opportunity for investors seeking strong income potential and long-term growth. The property also offers convenient access to major highways and sits directly across from a busy shopping centre featuring Shoppers Drug Mart, GoodLife Fitness, Giant Tiger, and additional national retailers. The premises total 2,250 sq. ft. within a two-storey plaza and include a 640 sq. ft. commercial kitchen, 74 indoor seats, and an outdoor patio accommodating 28 guests. The unit features three washrooms-two spacious customer washrooms and one located in the kitchen. A beautifully crafted oak-wood bar measuring 31' x 2' serves as a focal point of the dining area. The restaurant offers a full dine-in, take-out, and catering menu, is licensed by the LCBO, and can be converted to any cuisine concept, including Indian. Monthly rent is $7,191.00 (inclusive of HST and TMI). The current lease extends until July 31, 2026, with a 5+5 renewal option. Average monthly utilities are approximately $1,500. The unit features 15-foot clear height ceilings with sprinklers and is constructed with durable structural materials. A rear entrance provides convenient access for catering pickups and deliveries. Parking is abundant, with four designated spots at the front of the unit, an additional 40 shared front-lot spaces, and more than 150 additional parking spaces located behind the building. The business is competitively priced at $355,000. The equipment value alone is appraised at $214,150. Inventory is excluded from the sale price and will be calculated separately. |
| Price | $355,000 |
| Taxes: | $0.00 |
| Tax Type: | N/A |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 389 Main Street North , Brampton, L6X 3P1, Peel |
| Postal Code: | L6X 3P1 |
| Province/State: | Peel |
| Legal Description: | PCL 8-8, SEC 43-CHING 1(W.H.S.) ; PT LTS |
| Directions/Cross Streets: | Main St // Vodden St |
| 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 |
| Category: | Without Property |
| Use: | Restaurant |
| Building Percentage: | T |
| Total Area: | 2250.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area Code: | % |
| Retail Area Code: | % |
| Area Influences: | Major Highway Public Transit |
| Financial Statement: | F |
| Chattels: | T |
| Franchise: | F |
| Days Open: | O |
| Hours Open: | Monday |
| Employees #: | 3 |
| Seats: | 102 |
| Sprinklers: | Yes |
| Washrooms: | 3 |
| Clear Height Feet: | 15 |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Yes |
| Sewers: | Sanitary+Storm |
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| HOMELIFE/MIRACLE REALTY LTD |
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At a Glance:
| Type: | Com - Sale Of Business |
| Area: | Peel |
| Municipality: | Brampton |
| Neighbourhood: | Brampton West |
| Baths: | 3 |
| Fireplace: | N |
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