Added 2 months ago
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Type: Sale Of Business
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Property Type: Commercial
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Business Type: Food Court Outlet
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Zoning: RD, UNASSIGNED,
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Age: No Data
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Taxes: 1000
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MLS®#: C11823658
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Days on Site: 81 Days
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Added: Dec 02, 2024 (2 months ago)
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Updated:
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Last Checked: 3 hours ago
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Listed By: REAL ONE REALTY INC.
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 with a 7-foot hood fan, 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 surrounding area is diverse and multicultural, offering a dynamic market. The premises are independently owned, providing flexibility for the new owner to potentially adapt the cuisine to suit the evolving market demands. 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. **EXTRAS** All Existing Chattels. All Business Numbers Are As Per Seller, Listing Broker Has As Not Verified Accuracy, Buyers Are Welcome To Perform Due Diligence.
Property
Status: Sale
Type: Food Court Outlet
Property Type: Sale Of Business
Property Type: Without Property
Area: Toronto
Community: Lansing-Westgate
Availability Date: TBD
Inside
Air Conditioning: Y
Building
Basement: N
Heat Type: Gas Forced Air Open
Freestanding: N
Water Supply: Municipal
Parking
Garage Type: Public
Fees
Tax Year: 2023
Taxes: $1,000
Taxes Type: Annual
Land
Cross Street: Yonge St & Sheppard
Municipality District: Toronto C07
Parcel Number: 765190039
Lot Depth: 40 Feet
Lot Frontage: 17.5 Feet
Zoning: RD, UNASSIGNED,
Commercial Specific
Number of Employees: 2
Retail Area Metric: Sq Ft
Total Area: 700
Total Area Metric: Sq Ft
Hours Open: 12PM-8P
Days Open: 6
Franchise: N
Tangible Property Included: Y
Lot Code: Unit
Business/Building Name: Fun Chinese Restaurant
Financial Statement: Y
LLBO: N
Cardinal Carter Academy for the Arts
Elementary: CatholicAvondale Alternative Elementary School
Elementary: PublicAvondale Public School
Elementary: PublicClaude Watson School for the Arts
Elementary: PublicCameron Public School
Elementary: PublicSt Edward Catholic School
Elementary: CatholicAvondale Secondary Alternative School
Secondary: PublicSt Andrew's Junior High School
Secondary: PublicDrewry Secondary School
Secondary: PublicCardinal Carter Academy for the Arts
Secondary: CatholicLoretto Abbey Catholic Secondary School
Secondary: CatholicEarl Haig Secondary School
Secondary: Public
