45 MUNRO Street, Carleton Place, Ontario K7C1H6

Property Description

BUSINESS FOR SALE! Well-established and popular Asian fusion restaurant located in the heart of Downtown Carleton Place, situated on a prominent corner lot near Highway 7 with excellent visibility and strong exposure to passing traffic. The property features an approximately 81' x 218' lot (0.398 acres) and a 1,300 sq. ft. commercial building.The sale includes a successful, turnkey restaurant operation with an established customer base and strong presence in the local community. All restaurant equipment, signage and displays are included, providing an excellent opportunity for a new owner to take over and continue the existing operation. Comprehensive training can be provided to facilitate a smooth transition.Ideal for an owner-operator or entrepreneur looking to acquire an established restaurant business in a high-visibility location. Please contact the Listing Agent for further information and to arrange a private site visit. A signed Confidentiality Agreement is required before any financial information regarding the business will be released. Please do not approach or communicate with the restaurant's employees directly. Lease Term: The parties agree to a flexible lease term of 3 to 5 years, with the final term to be mutually agreed upon and documented in the lease agreement. Rent: The monthly rent for the first year shall be $3,000.00 per month, subject to an annual rent increase as agreed upon by the parties. Property Taxes, Insurance and Utilities: The TENANT shall be responsible for payment of all property taxes, property insurance, and all utilities and services associated with the property throughout the term of the lease. Repairs and Maintenance: The LANDLORD shall be responsible for major structural and exterior repairs to the property, including, but not limited to, the roof, foundation, and exterior walls. All other routine repairs, maintenance, upkeep, and operating costs related to the property shall be the responsibility of the TENANT. (id:5764)