548 Yonge Street, Toronto, Ontario, Canada, M4Y1Y8
189,999
for Sale
About the property:
Rare opportunity to acquire a turnkey licensed Japanese restaurant on one of Toronto's busiest retail corridors, steps to Wellesley Station. Approximately 2,310 sf across ground floor, mezzanine and basement in a high-exposure storefront with established signage. Well-run operation with a loyal customer base and strong, growing sales - approaching seven figures annually. Fully built and equipped commercial kitchen with hood and ecologizer system. All chattels, fixtures and equipment owned outright and included; no rental or leased equipment to assume. LLBO in place. Established franchise with franchisor consent to a transfer already obtained. New five-year lease starting in 2027 already in place direct with the landlord, with base rent stepping down at the start of the new term - a meaningful reduction in occupancy cost for an incoming owner. Landlord open to considering a change of use to other retail concepts and a sublease of the mezzanine.
Extra info:
All chattels and equipment are included
Sale Of Business
false
- Property Type:
- Sale Of Business
- Status:
- for Sale
- Business Type:
- Restaurant
- Heating Type:
- Gas Forced Air Open
- Cross Street:
- Yonge / Wellesley
- Listing ID:
- C13655062
Rooms
Dimensions
Brokered by:
RE/MAX Excel Alliance Realty
Source: TRREB/PROPTX
Presented By: