139-4750 Yonge Street, Toronto | Image 1

139-4750 Yonge Street

Toronto, Lansing-Westgate

  • Commercial

$98,000
For Sale

Added 1 month ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Food Court Outlet

  • Zoning: RD, UNASSIGNED,

  • Age: No Data

  • Taxes: 1000

  • MLS®#: C11823658

  • Days on Site: 44 Days

  • Added: Dec 02, 2024 (1 month ago)

  • Updated:

  • Last Checked: 1 hour ago

  • 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

Map of 139-4750 Yonge Street, Toronto
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