230 First Street South Kenora, Ontario P9N 1C3
$449,900
Over 31 years of business, this well-established local restaurant is steeped in tradition and opportunity; A very rare and exciting listing. Ristorante is an authentic Italian restaurant, known for delicious and satisfying meals and an enjoyable atmosphere available in the heart of downtown Kenora. These second-generation owners are looking to retire and pass along their amazing recipes to a new owner. This is a turnkey operation with kitchen management that has over 7 years of experience working at Ristorante. During the Covid-19 pandemic, this business was very profitable and has plenty of opportunity for growth. Location and Area - Existing well-established restaurant, with potential for growth - In the heart of a bustling tourism town - Great exposure, signage and location - A well-known recognizable location, nestled in the downtown core - Backdoor entrance for garbage removal and deliveries. - Wide corner unit, plenty of road frontage - Fully licensed outdoor patio and large dining room - Very functional layout - Recently updated front end, dining, bar and bathrooms - Fully equipped commercial kitchen - Has a walk-in cooler Opportunity - Currently operating Tuesday to Saturday, evenings only. Offering dine-in, takeout, catering and delivery. - Utilizing our own delivery vehicle but room to grow with an app delivery service. - Owner ready to provide training in restaurant-specific cuisine if wanted, or start from scratch with your own brand Area: 3200 Sq Ft. Equipment and small wares appraised at $294,535 in 2022 Interior Renovated in 2021 Lease: The owner is willing to negotiate a fair lease, based on the sale price Accessible: Yes Seating: Fully Licensed - Patio seats 40, dining room seats 100 Notes: More information is available upon a confidentiality agreement being signed. The owner may consider selling the building ( 12,800+ sq ft) with 3 leased rental units to a qualified buyer. (id:47723)
Business
| Business Type | Restaurant |
| Business Sub Type | Restaurant |
Property Details
| MLS® Number | TB221499 |
| Property Type | Business |
| Community Name | KENORA |
| Communication Type | High Speed Internet |
| Features | Wheelchair Access |
Building
| Age | Over 26 Years |
| Amenities | Storefront, Street Lighting |
| Basement Type | Partial |
| Exterior Finish | Stucco |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Size Interior | 3200 |
| Utility Water | Municipal Water |
Parking
| Other | |
| Surfaced | |
| Parking Space(s) | 4 |
Land
| Access Type | Road Access |
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Total Text | Under 1/2 Acre |
Utilities
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/24526969/230-first-street-south-kenora-kenora
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June 14 2022 10:22:50
Thunder Bay Real Estate Board
Century 21 Northern Choice Realty Ltd.