2685 Arbutus Street

2685 Arbutus (at 11th) Gramercy Grill - established in 2000, Successful Kitsilano Restaurant, 1769 s/f (strata plan says 1669 s/f) with 87 seats + 24 on patio serving a North American menu. Sales; $1M+ gross, $50k+ net after owners salary (60% food, 40% liquor).Sales results based on minor promotion (2,600 client email data base). Open only for lunch and dinner weekdays - adding Brunch on Saturday & Sunday (11-9 seven days/wk). Owner has invested over $400,000 on equipment + leasehold improvements. Restaurant uses "Open Table" program for all reservations and has a new "Pos-Lavu" POS system that works with ipads/iphones and has 3 printer in terminals (Kitchen/Bar & Dining). There are also 2 patios - 24 seats on 11th & 6-8 seats on Arbutus. 10 year escalated lease (Jan 15, 2011 - Jan 15, 2020) at $8309/mo all in (Rent breakdown; $4864 [$33/sqft] + Storage $124 [$8/sqft] + Maint $1644 + Taxes $983 + HST of $694) New grease trap with a brand new blue box recently installed in parkade ceiling, Kitchen has an 8 foot vent and the hot water tank is 2 years old, dishwasher and glass washer is leased at $120/mo. A/C servicing is part of landlord's responsibility. Call for private appointment - Staff unaware of sale & do not call restaurant! Owner retiring after 13 years.