Popular Toronto restaurant that just permanently closed being given away for free Toronto TorontoRestaurant
The animated imagery in the post also says"Free restaurant. Yeah, you read that right" and says they have"free restaurants across the city" listing Dundas, Gerrard and Roncesvalles.Though Chi's website also terms the Rose and Sons listing"Ori Grad, broker and managing director at Chi, explains to blogTO that the landlord just wants a new tenant to succeed in what is one of Toronto's most unusual restaurant spaces.
He says it was the end of the lease for Rose and Sons and they decided not to renew and moved their staff to other businesses, and that they"handed the keys over in a friendly way." He says the landlords are great and used to runGrad also says there are other restaurants that are technically"sold" for"free" but they usually don't hit the market due to the sensitive nature of the restaurant business and wanting to be mindful of current staff.
For the sale of Rose and Sons, there will be no name attached and there will be a new lease, but the liquor license will be transferred to the new business. Grad says there was a Mexican group lined up for the space that walked away last minute, and there were others interested in the space but those parties have found something else, so they're still looking for new potential tenants.
As for the other"free restaurants across the city," they're all places with a similar situation to Rose and Sons, but that's all Grad could reveal. So if you're interested in finding out what deals could be had on restaurant spaces across town, you'll just have to inquire with Chi.
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