139 - 4750 Yonge Street, Toronto (Lansing-Westgate), M2N0J6

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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 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. (id:39198)

295 days

On Market

Business

Property Type

$1,000 / Year

Est. Taxes

Other

Style

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Garage

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Basement

Location & Areas