Address
383 Eglinton Avenue E, Toronto, ON
Price
$ 230,000
Property Attributes
  • ID#C13527936
  • TypeCommercial
  • Listing Status Active
  • MunicipalityToronto
  • CityToronto
  • NeighbourhoodMount Pleasant East
  • Postal CodeM4P 1M5
  • StyleCommercial Business
  • Price$ 230,000
  • Bedrooms{}
  • Bathrooms0
  • Half Bathrooms0
  • Sqr Footage980
Data Source:
RLP - CREA EN
Property Description

Exceptional opportunity to own a well-established Gabby's Franchise Pub & Restaurant in one of Toronto's busiest locations at Eglinton Avenue East & Mount Pleasant Road. Successfully operating for over 35 years, this profitable licensed restaurant enjoys a loyal customer base, strong neighborhood presence, and excellent visibility in a high-traffic commercial area. Weekly sales are approximately $15,000 (as per Seller), with over 70% of revenue generated from liquor sales, producing an impressive 75%+ gross profit margin on liquor. Very affordable occupancy costs with rent and TMI totaling only $4,484 per month. The business also includes a large one-bedroom apartment upstairs, currently rented for $2,000 per month, providing valuable additional income and helping offset operating expenses. Long-term lease in place until October 2030, plus one additional 5-year renewal option, offering long-term security. Fully LLBO licensed with 41 indoor seats and a 35-seat licensed outdoor patio, making it ideal for year-round dining and seasonal patio service. Operating hours are Monday to Friday from 3:00 PM to 2:00 AM and Saturday & Sunday from 12:00 Noon to 2:00 AM. Low flat franchise royalty and advertising fees. Online ordering is available through Uber Eats, DoorDash, and Gabby's online ordering platform, providing multiple revenue streams. Excellent opportunity for an owner-operator, family business, investor, or experienced restaurateur looking to acquire a profitable Toronto restaurant with stable cash flow and significant growth potential. Plenty of opportunities to increase sales through expanded marketing, catering, special events, sports nights, entertainment, and extended food promotions. Turnkey operation, repeat clientele, trained staff, and strong comm Rare. (We are not willing to de-brand, and any buyer is subject to approval to ensure they're a good fit. We won't hold anything up, but we do need to be confident the new buyer aligns with the operation.)

General Features

Zoning R(d2*943)
Terms SALE
Neighbourhood Mount Pleasant East
Property Sub Type COMMERCIAL_BUSINESS
jumpId 28821517
Property Subtype French Commercial Business
Listing Type French Commercial
MLS C13527936
Property Type Business

Interior Features

Living Area Range 980 sqft
Bedrooms {}
Cooling Type Fully air conditioned
Heating Fuel Natural gas
Heating Type Forced air

Exterior Features

Parking Type Other

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in M4P 1M5

Price
AVG $230K
$230K