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Unit 1 389 Main Street N Brampton ON L6X 3P1
Price $ 355,000
Listing ID W12831504
Property Type Sale Of Business
County Peel
Neighborhood Brampton West
Baths 3
House Size 2250
Days on website 34
Description
A Gold Mine Portuguese Restaurant Bar & Grill, established in 2017, is strategically located in the heart of Brampton at the intersection of Main Street and Vodden Street. The business is positioned within a high-density residential and commercial district, surrounded by thriving retail activity. With unobstructed frontage on Main Street, the unit benefits from exceptional visibility and consistent high-traffic exposure-an ideal opportunity for investors seeking strong income potential and long-term growth. The property also offers convenient access to major highways and sits directly across from a busy shopping centre featuring Shoppers Drug Mart, GoodLife Fitness, Giant Tiger, and additional national retailers. The premises total 2,250 sq. ft. within a two-storey plaza and include a 640 sq. ft. commercial kitchen, 74 indoor seats, and an outdoor patio accommodating 28 guests. The unit features three washrooms-two spacious customer washrooms and one located in the kitchen. A beautifully crafted oak-wood bar measuring 31' x 2' serves as a focal point of the dining area. The restaurant offers a full dine-in, take-out, and catering menu, is licensed by the LCBO, and can be converted to any cuisine concept, including Indian. Monthly rent is $7,191.00 (inclusive of HST and TMI). The current lease extends until July 31, 2026, with a 5+5 renewal option. Average monthly utilities are approximately $1,500. The unit features 15-foot clear height ceilings with sprinklers and is constructed with durable structural materials. A rear entrance provides convenient access for catering pickups and deliveries. Parking is abundant, with four designated spots at the front of the unit, an additional 40 shared front-lot spaces, and more than 150 additional parking spaces located behind the building. The business is competitively priced at $355,000. The equipment value alone is appraised at $224,150. Inventory is excluded from the sale price and will be calculated separately.
Location
Financial Information
List Price: $ 355000
Property Features
Air Conditioning: Yes
Area Influences: Major Highway, Public Transit
Heat Type: Gas Forced Air Open
Sewers: Sanitary+Storm Available
Sprinklers: Yes
Utilities: Available
Listed By:     HOMELIFE/MIRACLE REALTY LTD