548 Yonge Street, Toronto, Ontario M4Y 1Y8

Listed for:
$189,999
0 beds
2 baths
Listed 22 days ago
548 Yonge Street, Toronto, Ontario M4Y 1Y8

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About

Yonge / Wellesley 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. (id:27476)

Property Highlights

MLS® Number
C13655062
Type
Business
Community Name
Bay Street Corridor

Building

Bathrooms Total
2
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
Fully air conditioned

Utilities

Water
Municipal water

Location

Learn more about this property
Listing provided by:
RE/MAX EXCEL REALTY LTD.
MLS® number:
C13655062
Agent:
Brian Kim
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Street Spotlight - For sale