101 10TH Street E , Owen Sound

Bed / $45,000 / MLS® Listing #:40153709

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One of Owen Sounds most promising opportunities - The owners of the Oregano Bistro have decided to retire and are putting their restaurant up for sale and this is the perfect time for another entrepreneur to step in. Chattels you would immediately get access to include: Two standard fridges, 6 tables + 24 chairs, 3 kitchen sinks on the line, An additional washing station/counter on the service floor could be used as a prep area, 1 deep fryer, 6 burner gas stove with oven, 1 Gas grill, 1 Mise-en-place station, The hoodrange is in good shape. The unfinished basement also offers storage space for you to work with. Total floor area (excluding the cooking line) is 18.9 by 18.2. The location is presently licensed for alcohol. There are two possibilities for you to run this business as: Option #1 - Continue to run it as a restaurant. While floor space is small, operating largely on delivery and takeout works well and keeping a limited menu would help turn orders around fast. Food couriers could access orders through the backdoor, which offers convenient parking for them as well as a low-traffic street for quick turn-over. Option #2 - The new owner(s) could also consider applying to the AGCO to have the space re-classified as a grocer and benefit from alcohol sales in a new way. Grocers pay wholesale prices for alcohol and you could turn this space into a one-stop shop for people looking to pick up a couple of drinks and some prepared meals to take to work. This would be a great way to maximize the value of the locations floor space. **The 1st Ave E., on which the restaurant is located is part of a city revitalization program that will be finished by 2022. This project is projected to bring more foot traffic to the area. (id:10452)

Property Details

Property Type Business
Square Feet
Maintenance N/A
Days On Our Website 65
Basement - None
Lot Dimensions
Pool N/A
Area Owen Sound
Air Conditioning N/A
Sewers N/A
Water N/A

Listing Office: CENTURY 21 IN-STUDIO REALTY INC., Brokerage

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