5 restaurants you can buy right now in Toronto
If you've ever dreamed of opening up your own restaurant, this just might be the time: A new crop of restaurants, from cozy bakeries to Irish pubs, has recently landed on the market. Though the city's food scene is undeniably going strong, with new restaurants opening every week, some never get past the opening hurdles, some restaurateurs get stretched thin between too many locations, and some decide to leave the business altogether. (And some of us fall by the wayside, and some of us soar to the stars.)
Ready to make another business's loss your gain? Here are five restaurants currently up for sale in Toronto.
According to the real estate listing, the current owner of this Irish pub near High Park is about to retire. For $235,000, you get a 1,800-square-foot interior, a front and back patio, and all the wood paneling and Guinness signs you can handle.
Word on the street is the Roncy restaurant formerly known as Hey! (a sister spot to the location on College St.) has actually been for sale ever since it opened - though they've had offers, they've reportedly been waiting for the right price. It's currently listed at $169,000; the posting touts the restaurant's "casual décor" and "great street exposure", noting "it can accommodate any type of cuisine."
This Mexican/Colombian/Peruvian restaurant and bakery at St. Clair West and Oakwood has already changed hands once in the past year. The cozy spot is, once again, on sale for just $49K; the listing says it would be ideal for a family business, an all-day breakfast joint, or some type of franchise. Bonuses include a corner location and a small patio.
The barbecue and sandwich joint near Eglinton and Mount Pleasant has shut its doors after less than nine months of existence; they closed a month ago for "renovations". (Tragically, not even the Parks & Rec reference could save it.) If you're in the market, $99,000 gets you 970 square feet of restaurant space in what the listing touts as an "upscale" neighbourhood. Please note: This barbecue joint lacks its own smoker, which might have contributed to those mixed reviews.
Swish by Han
The tempestous life of the Han brothers' Korean-fusion joint may soon be drawing to a close: Though they're open for now, the 1600-square-foot restaurant at Church and Wellington is currently listed for $199,000. (Sister restaurant Oddseoul, thankfully, is still going strong.)
Know of any other restaurants up for sale? Leave them in the comments.