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2042 W 4th - 'Il Ducato Ristorante'. 2,400 sf 76 seat established 9 yr old fine dining Italian restaurant in trendy 4th Ave 'Restaurant Row'. Over $50,000 has been recently spent in reno's & updates to the int (plse see virtual tour). Yearly approx gross sales are around $350,000 & growing. Restaurant is open 7 days/week - 5pm until closing. Great low lease of $3,700/mo + add'l rent of 1,705/mo ($1,000 taxes, $230 garbage, $230 strata, $245 GST). Current lease term: Jan 1,2004 - Dec 31, 2007 + 5 yr option. Ample prkg w/designated 7 prkg stalls for restaurant at rear. Point of sale equipment not included on the sale price. 11:52 AM
Additional Documents
| MLS® # | V4001644 |
|---|---|
| Business Name | IL DUCATO |
| For Sale | Yes |
| For Lease | No |
| Fin. Floor Area | 2,400 sqft |
| Total Bldg Size | N/A |
| Taxes | $ 1,000 / 2005 |
| Total Gross Sales | $350,000 |
| Sale Type | Asset |
| Lease Expires | Dec 2007 |
| Lease Term | Jan 1,2004 - Dec 31, 2007 + 5 yr option |
Amenities
- Alarm System
- Exhaust Fan(s)
- Storefront
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Site Influences
- High Traffic Area
- Public Transit Nearby
- Visual Exposure
Price Includes
- Goodwill
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