2F-556 Yonge Street, Toronto | Image 1

2F-556 Yonge Street

Toronto, Bay Street Corridor

  • Commercial

$158,000
For Sale

Added 2 months ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Entertainment

  • Zoning: Commercial Resid

  • Age: No Data

  • Taxes: 1000

  • MLS®#: C8476874

  • Days on Site: 58 Days

  • Added: Jun 25, 2024 (2 months ago)

  • Updated:

  • Last Checked: 1 hour ago

  • Listed By: REAL ONE REALTY INC.

In the heart of downtown Toronto, right next to Yonge and Wellesley Streets, lies a thriving board game cafe perfectly positioned to attract today's young crowd. This centrally located business boasts a spacious 4,122 sq ft across two floors. Completely renovated and equipped by the current owner for approximately $420,000, the cafe is move-in ready for continued success. The open lower floor offers a welcoming atmosphere with 10 tables, 40 seats, and a massive library of over 200 board games, catering perfectly to both couples and larger groups. Head upstairs and you'll find 8 private rooms ideal for a more intimate gaming experience, each equipped with automatic Mahjong tables. But the fun doesn't stop there! A convenient mini mart ensures you have all the snacks and drinks you need for your game night, while the kitchen, complete with LCBO licensing, allows you to enjoy alcoholic beverages as well. The current lease offers attractive terms with a monthly rent of approximately $22,179 (including TMI) and a remaining term of 5.3 years with a 5-year renewal option. Open seven days a week, the cafe caters to both weekday and weekend crowds, operating from 5 pm to 1 am Monday through Thursday and extended hours from 2 pm to 1 am on Fridays through Sundays. With sales steadily increasing as the cafe gains more popularity, this is a prime opportunity to step into a turn-key business with all the amenities, equipment, and licenses already in place for guaranteed success.

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: Entertainment

  • Property Type: Sale Of Business

  • Property Type: Without Property

  • Area: Toronto

  • Community: Bay Street Corridor

  • Availability Date: TBD

Inside

  • Bathrooms: 2

  • Air Conditioning: Y

  • Washrooms: 2

Utilities

  • Utilities: Yes

Building

  • Basement: N

  • Heat Type: Gas Forced Air Closd

  • Freestanding: N

  • Water Supply: Municipal

Parking

  • Garage Type: Public

Fees

  • Tax Year: 2023

  • Tax Legal Description: PT LT 27 PL D3 TORONTO AS IN EP147606; T/W EP14760

  • Taxes: $1,000

  • Taxes Type: Annual

Land

  • Cross Street: Wellesley St & Yonge

  • Municipality District: Toronto C01

  • Parcel Number: 211040104

  • Lot Depth: 123 Feet

  • Lot Frontage: 23.08 Feet

  • Zoning: Commercial Resid

Commercial Specific

  • Number of Employees: 11

  • Retail Area: 3500

  • Retail Area Metric: Sq Ft

  • Total Area: 4122

  • Total Area Metric: Sq Ft

  • Hours Open: 2PM-1AM

  • Area Influence: Public Transit

  • Days Open: 7

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Lot

  • Seats: 72

  • Business/Building Name: 17 Tiles

  • Financial Statement: N

  • LLBO: Y

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