Project Jaguar
A licensed Mexican restaurant and mezcal bar, open and trading. Offered as a sale of shares.
An operating restaurant, ready for a new owner.
The shares of the company that operates an established, fully equipped restaurant are for sale. The company holds the lease, the liquor licence, the equipment, the brand and the staff.
The restaurant is open and trading. A team of 10 is in place, and the manager will stay with the new owner and lead the handover.
The numbers.
- Location
- Midtown Toronto, steps from a subway station and a major tourist landmark
- Concept
- Mexican kitchen with a cocktail and mezcal program
- Interior
- 1,368 sq ft, 40 seats
- Patio
- Rear patio, 100 seats
- Liquor licence
- AGCO licensed, capacity 180
- Lease
- Expires February 28, 2030, plus one 5-year option to extend
- Minimum rent
- $7,945.80 per month to February 2027, increasing about 2.5% per year
- Additional rent
- About $4,200 per month for taxes, maintenance and insurance (estimate)
- Staff
- 10, including a manager who will stay
- Equipment
- $140,317, itemized list after NDA
- Sales
- Available after NDA
Skip the build-out.
Kitchen and bar in place
Commercial kitchen with hood and fire suppression, a full bar and a furnished dining room. No construction needed.
Licensed and operating
The liquor licence is held by the company. A change in ownership needs AGCO approval, not a new application.
A team that stays
Ten trained staff and a manager who will stay through the transition.
Time and cost saved
Opening a comparable licensed restaurant in Toronto from an empty unit typically costs over $500,000 and takes 6 to 12 months.
- Sale of the shares of the operating company.
- The lease security deposit is adjusted at closing, in addition to the price.
- Landlord consent to the change of control is required. The landlord has agreed in principle.
- AGCO approval of the change in ownership is required.
- The seller and manager provide training and transition support.
From first question to offer.
- Answer six questionsAbout two minutes. It tells us how to help you.
- Sign the NDAWe send a standard non-disclosure agreement by email.
- Review the packageFinancial statements, the lease, the equipment list, a floor plan and photographs.
- Visit the restaurantArranged outside service hours, after you review the package.
- Make an offerThrough your lawyer. Proof of funds may be requested.
Is this the right business for you?
Six questions, about two minutes. We reply with the non-disclosure agreement so you can see the full information package.
Prefer to talk first? Reach the owner directly.