$158,000 FOR SALE

Business for Sale

Entertainment

Lot: 23.08 x 123 ftTotal Area: 4,122 ft2
2023 Taxes: $1,000

556 Yonge St #2F
Toronto, ON M4Y 1Y8 | Bay Street Corridor

In the heart of downtown Toronto, right next to Yonge and Wellesley Streets, lies a thriving board game cafe perfectly positioned to attract today's young crowd. This centrally located business boasts a spacious 4,122 sq ft across two floors. Completely renovated and equipped by the current owner for approximately $420,000, the cafe is move-in ready for continued success. The open lower floor offers a welcoming atmosphere with 10 tables, 40 seats, and a massive library of over 200 board games, catering perfectly to both couples and larger groups. Head upstairs and you'll find 8 private rooms ideal for a more intimate gaming experience, each equipped with automatic Mahjong tables. But the fun doesn't stop there! A convenient mini mart ensures you have all the snacks and drinks you need for your game night, while the kitchen, complete with LCBO licensing, allows you to enjoy alcoholic beverages as well. The current lease offers attractive terms with a monthly rent of approximately $22,179 (including TMI) and a remaining term of 5.3 years with a 5-year renewal option. Open seven days a week, the cafe caters to both weekday and weekend crowds, operating from 5 pm to 1 am Monday through Thursday and extended hours from 2 pm to 1 am on Fridays through Sundays. With sales steadily increasing as the cafe gains more popularity, this is a prime opportunity to step into a turn-key business with all the amenities, equipment, and licenses already in place for guaranteed success.

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.

Share

Listed By REAL ONE REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number C8476874
Last Updated Aug 22, 2024
Property Summary
Property Type Business For Sale

More like this:
Use Entertainment
Franchise Non-Franchise
Business/Building Name 17 Tiles
Category Without Property
PIN 211040104
Legal Description PT LT 27 PL D3 TORONTO AS IN EP147606; T/W EP14760
Occupancy Tenant
Possession Date TBD
Taxes (2023) $1,000
Tax Type Annual
Directions/Cross Streets Wellesley St & Yonge St
Neighbourhood Bay Street Corridor
Area Toronto
Price History
Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Freestanding N
Bathrooms 2
Lot 23.08 x 123 ft
Retail Area 3,500 ft2
Total Area 4,122 ft2
Air Conditioning Y
Basement N
Chattels Y
Garage Type Public
Days Open 7
Hours Open 2PM-1AM
LLBO Y
Employees 11
Heat Type Gas Forced Air Closd
Financial Statement N
Area Influences Public Transit
Seats 72
Utilities Y
Water Municipal
Lot/Bldg/Unit Code Lot
Zoning Commercial Residential Zone (CR3)
Seller Property Info Statement N

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.