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376 Lisgar Street - Niva's - $1,750,000
Beloved Family Restaurant for Sale in Thunder Bay!
After years of serving the community, the owners of this cherished
family restaurant are retiring, presenting a unique opportunity for
someone to carry on its legacy. Established in 2011, this breakfast and
lunch hotspot, along with the property, is now available for sale.
Renowned for its homemade food, generous portions, and affordable
prices, this well-loved establishment boasts an extremely loyal customer
base and an excellent reputation. With tremendous earning potential yet
to be fully realized, this is the perfect chance to step into a thriving
business with plenty of room for growth. 144 seat capacity, 2 walk-in
freezers one has a new compressor done 2025, professional kitchen with
fire suppression and grease trap installed 2024, professional
dishwasher, office area, lunch counter area with side entrance, all hot
water lines were replaced approx. 7 yrs ago with new pex plumbing, one
section of the roof was redone in 2015, updated LED lighting in
bathrooms, rooftop furnace 2013 - turn key includes all appliances,
furnishings etc. Huge parking lot - newer gas heated garage 24x30 ft
completed in 2020, very clean & well maintained. Great exposure near a
main artery, the Auditorium, Border Cat Baseball field & Canada Games
Complex. Don?t miss this opportunity to own a community favorite?your
dream restaurant awaits! Seller would prefer financials are
discussed between buyer's and seller's accountants. This is a
Share Sale! Excellent reviews & reputation. Extremely well
run - currently only open Wed-Sunday - with limited seating and no
supper hours - so potential is huge for new buyer to expand hours & make
more. Owner willing to stay on for a bit and train new buyer.
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Age of
building
26+ yrs
Age of Garage
2020
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Total Sq Footage of
building
4100
Size of Garage
24x30 ft - gas heated
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Restaurant Seating
Capacity 144 - currently the owner only has 86 seats being
used
Lunch counter - side door entrance - currently not being
used (possible income potential)
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Facilities
Commercial kitchen - top of the line
Fire Suppression
2 walk-in coolers
Bar area
Mens & Womens bathrooms
Staff Bathroom
Office areas
2 large Parking Lots & side street parking
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Access Municipal
road - across from Border Cats ball field, steps away from
Auditorium, Canada Games Complex - view of main artery - high
exposure in centre of city
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Parking 2 huge
parking lots front & back & side street parking |
Area
Memorial Avenue Area - centre of the city
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Taxes
$27,276/yr approx. for 2024 |
Lot Size
270 ft x Irreg.
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Heat Type
Forced air gas |
Chattels Included
everything that is not a rental - all kitchen equipment & restaurant
furnishings. |
Updates & Extras
Hot water tank rental - new 2024
updated hot water lines - to new pex lines 6-7 yrs ago
Furnace on roof 2013
Cardinal roofing did one part of roof 2015
updated lighting in washrooms
grease trap installed 2024
new compressor in walk-in freezer - 2025
gas heated garage built in 2020 |
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