548 Yonge Street
Toronto C01, ON M4Y 1Y8
Price
$189,999
Building Size
2,310 sq ft
MLS# C13655062 | Listed by RE/MAX EXCEL REALTY LTD.
Business Details
Business Type
Restaurant
Property Use
Without Property
Hours / Days
Open 7 Days
Franchise
Yes
Commercial Space & Financials
Retail Area
1,570 sq ft
Office / Apt Area
740 sq ft
Property Description
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.
Price & Status History
Price history is locked
Location
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548 Yonge Street, Toronto C01 M4Y 1Y8
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Guided by Vick Yogeswaran • REALTOR®
RE/MAX Realtron Realty Inc., Brokerage
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Listing Courtesy of: RE/MAX EXCEL REALTY LTD.
This listing is provided through the TRREB MLS® System. Contact the listing brokerage for more information.
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