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5 restaurants you can buy right now in Toronto

Posted by Natalia Manzocco / June 16, 2014

restaurant for sale torontoIf 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.

Whelan's Gate
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.

Hey Meatball!
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 d├ęcor" and "great street exposure", noting "it can accommodate any type of cuisine."

El Cafetal
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.



Buyersezwhat / June 16, 2014 at 02:01 pm
I like this article. I hope it becomes a weekly "column" as it shows how hard it actually is to run a restaurant.

Remember kids - a 10% profit margin means your doing astoundingly well in this industry!
Betty / June 16, 2014 at 02:14 pm
If the person who buys Hey! can manage to acknowledge a table of four in a 25% full restaurant within 15 minutes after they sit down, they'll be way ahead of the current owners.
jay replying to a comment from Betty / June 16, 2014 at 03:16 pm
Hey! hasn't had table service in months, you order at the counter.
Betty replying to a comment from jay / June 16, 2014 at 03:28 pm
How would I possibly know Hey! has switched to counter service? I haven't darkened their door since being ignored 14 months ago. Still won't go back.
Anna / June 16, 2014 at 04:15 pm
How about in the place of el cafetal, how about a cheese specialty store, where you can get cheeses from around the world?......we could use that on st. Clair....or how about any specialty grocery store, or a Bruno's?
chris / June 16, 2014 at 06:00 pm
Both Big Chris BBQ restaurants are for sale
Just Hot Dogs / June 16, 2014 at 09:20 pm
That's the name of my resto. Just dogs, no plates, cutlery, extras.
sw / June 17, 2014 at 10:30 am
Not Swish! That place is excellent!
M. Gonzalez / June 17, 2014 at 03:39 pm
This restaurant is for sale near Bloor West Village, right by a high school and two public schools, so lots of families around and lots of traffic. Please email me for more information if you would like to know the location or to come see the place. The restaurant seats over 25 customers, has full functioning kitchen and patio space.;utm_medium=email&mpch=ads&/?&adId=594547277&siteLocale=en_CA&utm_campaign=template%2B-%2B1&utm_source=upsell%2Bengine&link=viewad_594547277
Antonella / June 18, 2014 at 10:32 am
I currently have an Italian (multi award winning) Restaurant for Sale in Richmond Hill - the restaurant has been in business for over 22 years, owner needs to retire. Restaurant is very well in the industry and has regular clients who come in from out of town - if interested, please contact me at 416-917-7447 for further details - price $169,900 (with all restaurant chattels! (minus some items) - seats 56 and has LLBO License - cheers
RoncyDog / November 28, 2014 at 12:24 pm
Here here, the service is Hey! is horrible.
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