Profitable and high performing restaurant on Avenue Road in North York available! Old Avenue Restaurant specializes in southern Caucasus cuisine and it has been a big hit since opening in 2022.

The sales are impressive and the profit margins are even better. Full training to be provided to a qualified buyer. 1,700 sq ft layout that is easy to staff and manage for a owner, and this business is run hands-off meaning that the owner does not work there. Please do not go direct or speak to staff or ownership.

Great lease rate of $7,230 Gross Rent including TMI with 3 + 5 + 5 years remaining. Liquor license capacity of 28 inside and 12 on the covered patio with bring your own wine. 1 walk-in fridge and a 9 ft commercial hood in the kitchen.

Avenue Road is home to dozens of restaurants and it is a major hub and destination for dinning in a very affluent area of Toronto. Located just off of Highway 401 and Lawrence Avenue to the south it is a large area with tons of street parking and many municipal lots.

This restaurant is in the heart of the neighbourhood with many restaurants to the north and south of it. There is 1 private parking lot for ownership, staff, and/or deliveries to the rear of the unit.

Property Details: The entire dining room was renovated before opening and it shows. The decor of the restaurant is literally one of a kind with over 100 collectible items that give this popular business a very unique vibe and feel. Full basement with prep area, washrooms, and storage.