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, 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 versatility of the space means it can be easily adapted to serve a variety of cuisines. 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:47423)
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Detailed Information
Lot
17.5 x 40 ft
Listing Contract Date
2024-12-02
Location Description
Yonge St & Sheppard Ave
Property Type
Business
Transaction Type
For sale
Zoning Description
RD, UNASSIGNED, CR
Business
Name
Fun Chinese Restaurant
Building
Cooling Type
Fully air conditioned
Heating Fuel
Natural gas
Heating Type
Other
Utility Water
Municipal water
Land
Total Size
Unit=17.5 x 40 FT
Size of Irregular Land
Unit=17.5 x 40 FT
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