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New Restaurant listed in Penticton

New Restaurant listed in Penticton

I have listed a new property at 11111 Confidential Street in Penticton.
Okanagan Valley’s #1 Mediterranean Restaurant! Rare opportunity to acquire a well-established, turnkey restaurant operation in a prime Penticton location. The approximately 4,168 SF restaurant features a fully equipped commercial kitchen, spacious dining areas, storage, liquor storage, patio, and approximately 27 on-site parking stalls. The current lease runs through December 31, 2035, with two additional 5-year renewal options. Current base rent is $13,500 per month plus GST, plus triple net. The existing Food Primary liquor licence provides capacity for approximately 186 guests indoors and 95 guests on the patio. The premises also have a flexible permitted restaurant use, providing an incoming operator with the opportunity to continue an established restaurant operation or introduce their own restaurant concept and vision. The business includes substantial infrastructure, commercial kitchen equipment, furnishings, and improvements, providing an excellent turnkey opportunity for an experienced restaurant operator. City business licence and Interior Health Permit to Operate are in place. Additional information regarding the business, financials, equipment, lease, and operations will be provided to qualified purchasers upon request. STRICTLY CONFIDENTIAL – SHOWINGS BY APPOINTMENT ONLY Please do not approach the restaurant, ownership, management, or staff directly. All inquiries and showings must be arranged exclusively through the listing REALTOR®.
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