Business for Sale

MLS# H4053976 Price: $650,000

SALE OR PARTNERSHIP. Fine dining restaurant available for experienced hospitality professional or budding entrepreneur. In the heart of the trendy Locke Street community, the recognized branding, upscale clientele, modern equipment, fixtures and chattels along with experienced staff make this an exceptional business opportunity. Successful since inception, guests love the ambience of the unique setting and especially the private room known as the atrium which overlooks the entire patio and the streetscape. Mattson & Co. is known for uncompromising standards in cuisine, culture while utilizing local food suppliers, wineries and breweries. It boasts over 10,000 followers in its social media presence. Gross revenues averaged over three years is approximately $1.86M and generates net revenue of approximately $439,000 (after paying owner management fees). Another asset to the business is its long-term lease with renewal options over the next fifteen years and fixed rate increase per year. This is one of the lowest commercial tenant agreements in the area and these beneficial lease terms provide a sound base for continued success. Contact Listing REALTOR® for more details and a private tour as your first step to a new beginning.

What's your Walk Score? 94 Walker's Paradise

What's your Transit Score? 73 Excellent Transit

Property Details: 225 Locke Street S (near Alexander )
Listing# 16385

Location

Address 225 Locke Street S
City Hamilton
Cross Streets Alexander
District Hamilton West (12)
Neighbourhood Kirkendall (121)
Listing Agents Cameron Nolan / Angela Nolan

Description

Sub Type Sale of Business Price $ 650,000
Lease Rate Per For Sale LotSize 36.57 ft x 100.49 ft x 36.58 ft x 100.44 ft
Location Hamilton Heating Gas Forced Air Closed
Square Footage 3607

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