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  • 376 Lisgar Nivas
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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. 

Wendy Ferris Sales RepresentativePresented by:

Wendy Ferris

Sales Representative

624-8452

ronandwendyferris@shaw.ca

 

Age of building

26+ yrs

 

Age of Garage

2020

 

Total Sq Footage of building

4100

 

Size of Garage

24x30 ft - gas heated

 

 

 

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)

 

 

 

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

 

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

 

Parking

2 huge parking lots front & back & side street parking

Area

Memorial Avenue Area - centre of the city

 

Taxes

$27,276/yr approx. for 2024

Lot Size

270 ft x Irreg.

 

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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