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What to Expect When Buying Your First Business

September 20, 2022 | Buying

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If you’re ready to enter the market, let’s discuss your goals and make a plan to achieve them—at your pace.

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Jason Kleyn

Commercial Broker

[email protected]

4025 Yonge St #135, Toronto, ON M2P 2E3

ROYAL LEPAGE Real Estate Services LTD. Brokerage

Follow Us on Instagram @hospitalityrealestate.ca

A big restaurant conversion is about to take place

A big restaurant conversion is about to take place near Square One in Mississauga.
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This was on of our quicker transactions thanks to the Buyer and Seller. The lengthiest condition is typically landlord approval but if all hands are on deck and parties are able and willing, the process can be quite smooth.
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It’s always interesting how the valuation of a restaurant can differ depending on who you are taking to. In this case, this restaurant cost nearly $1.5M to build out in 2017, curious to know you think it would sell for in todays market.
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#restaurant #squareone #mississauga #hospitalityrealestate #commercialbroker #businessbroker

Ever thought about becoming a franchisor with the

Restaurant conversions and takeovers have been kee

Restaurant conversions and takeovers have been keeping us busy here at Northern Hospitality Real Estate. Let’s take a look at some recent November sales and please stay tuned for new listings and acquisitions coming up.

#hospitality #restaurant #restaurantforsale #commercialrealestate #hospitalityrealestate #businessbroker

How long will it take to sell my restaurant? Goo

How long will it take to sell my restaurant?

Good question!

Realistically, anywhere from 1 month to 6 months. Sometimes shorter, sometimes longer. Unfortunately, there is no straight answer, but there are definitely ways to smooth the transition.

Some items might be …

1) knowing how qualified your buyers are prior to accepting the offer;

2) understanding the requirements needed from the landlord to approve the consent;

3) having all the documents needed for the buyer to begin their due diligence;

These are just a few of the steps that you can take in order to make sure you have a strong understanding of the timeline and deadlines. The process can be long and tedious but it doesn’t have to be if you’re prepared and working with the right people.

#restaurantforsale #businessforsale #businessbroker #commercialrealestate #hospitality #restaurant #realtor #broker

An absolutely exquisite restaurant conversion oppo

An absolutely exquisite restaurant conversion opportunity awaits you in the heart of Mississauga just steps away from Square One Shopping Centre.

At the bustling intersection of Burnhamthorpe and Hurontario, this 3607 square foot restaurant has a transferable liquor license capacity of 130 seats inside and 55 on the sun-filled patio.

Equipped with a fully flxtured and open kitchen concept, 2 wood burning pizza ovens, 12 foot exhaust hood, rationale oven and much more. No expense was spared building out this restaurant and it must be seen to be appreciated.

Net Rent = $11,221.12
TMI = $6,198.96
Lease Expires 2034
LLBO = 135 Inside + 50 Patio
3607 Square Feet
All Chattels & Equipment Included

#restaurantforsale #restaurant #commercialrealestate #torontobroker #mississaugarestaurant #mississaugarealestate #hospitality #businessbroker

Big shoutout to my client @3mariachis on their suc

Big shoutout to my client @3mariachis on their successful opening at 140A The Esplanade. This was an opportunity to lease a restaurant that wasn’t on the market or had leasing representation. With a lot of patience and perseverance, the group was able to secure this space and create a memorable looking restaurant. Be sure to check this out next time you’re crazing Mexican food.

#congratulations #mexicanfood #mexicanrestaurant #toronto #torontorestaurants #hospitality #stlawrencemarket #distillerydistrict

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