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$139,900

289 Main St

King, ON L0G 1T0

289 Main St, King — Listed at $139,900 Sale Of Business. MLS® N12748350.

400Sq Ft
Fast Food/Takeout
Sale Of Business
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Description

Exceptional opportunity for a food lover to own a long established, turnkey take out and eat in business in the heart of Schomberg. Situated at Hwy 9 & 27, this establishment has served the families of King Township since 1987 with its famous pizza and wings and expanded in 2020 as the township's only smokehouse offering brisket, pulled pork, BBQ chicken and more. As part of King Township, this business benefits from local demographics showing median household income (2021) of $150,000-$160,000, compared to nearby Newmarket where household median income was $100,000. Located steps from the Trisan Community Centre and Schomberg Fairgrounds, this high visibility operation has strong foot traffic, street parking plus 1-3 private rear spaces, solid financials of approx. $5,000/week in sales, low overhead, and a competitive $2,163/mo (+HST) gross lease for 2026 to Mar-2027, with only 3% annual increases to 2030; features include 800 sq. ft. main floor with 10 ft fire suppression hood, walk in cooler, basement storage, indoor seating for 10-14 plus a 6 month seasonal patio for 12-14, along with a branded website, online ordering, delivery services, part of local school lunch program and excellent customer reviews. Sale includes experienced staff, full recipe and operations manual, proprietary sauces, vendor contacts, and SafeCheck certification-making this a rare chance to acquire a thriving, one of a kind Schomberg staple with strong household income demographics and outstanding growth potential for an owner operator or investor.

Property Details

Property TypeSale Of Business
CommunitySchomberg
Approximate Age51-99
Lot Dimensions57 × 148 ft
Dir/Cross StMain St.
Garage TypeNone
Heating TypeGas Forced Air Closed
A/CYes
SewersSanitary
HSTIn Addition To
SecurityPartial
Listed Date2/2/2026
Days on Market283 days
PossessionFlexible

Business Details

Property Sub-TypeSale Of Business
Business TypeFast Food/Takeout
Business NameLEONARDO'S Pizza & Smokehouse
Property UseWithout Property
Occupant TypeOwner
Hours of Operation50-54
FranchiseNo
Chattels IncludedYes
Seating Capacity8
Full-Time Employees2
Financial StatementsNot Available
Showing RequirementsList Salesperson
Possession TypeFlexible
Listing Expires7/30/2026

Commercial Space & Financials

Retail Area400 Sq Ft
Industrial Area800 Sq Ft

Industrial Specifications

Outside StorageNo

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Listing Courtesy of: JN REALTY

MLS® #N12748350

TRREBMLS®

The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The listing data is deemed reliable but is not guaranteed accurate by TRREB. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

© 2026 Toronto Regional Real Estate Board. All rights reserved.

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About King Real Estate

This Sale Of Business is located in the Schomberg community in King. King Township is the GTA's premier estate and equestrian community, offering expansive rural lots, rolling hills, and a countryside lifestyle just 45 minutes from downtown Toronto. King City and Nobleton are the main residential centres, with boutique dining and specialty shops. It's ideal for buyers seeking privacy, acreage, and a prestige address.

Estate lots & equestrian propertiesSeneca College King CampusGO Transit via King City stationCountry clubs & golf courses
~50 min commute to downtown TorontoWalkability: Rural — car essential
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