10
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$119,000
Est. payment /mo
700 SqFt
Active
4750 Yonge ST #139 Toronto C07, ON M2N 0J6
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UPDATED:
12/02/2024 10:53 PM
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Square Footage 700 sqft
Price per Sqft $170
MLS Listing ID C11823658
Annual Tax Amount $1,000
Tax Year 2023
Property Description
This well-established restaurant is located in the food court of a bustling Uptown Toronto shopping mall, at the intersection of Yonge Street and Sheppard Avenue. Spanning approximately 700 square feet, the eatery has been generating annual sales of around $450,000. The monthly rent is $7,700 (incl. TMI & HST). The current lease has 1.5 years remaining, with a 5-year renewal option. The restaurant operates six days a week from 12:00 PM to 8:45 PM, offering a manageable schedule. Equipped with a fully functional commercial kitchen, this business offers a stable income stream with minimal overhead costs. The current setup requires only two staff members to run daily operations, allowing the owner to maintain substantial profits. The versatility of the space means it can be easily adapted to serve a variety of cuisines. Due to other commitments, the owner is reluctantly selling this profitable venture. This presents a unique opportunity for a new owner to step into a turnkey operation in a high-traffic location.
Location
Province ON
County Toronto
Community Lansing-Westgate
Area Toronto
Region Lansing-Westgate
City Region Lansing-Westgate
Interior
Cooling Yes
Listed by REAL ONE REALTY INC.
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