548 Yonge Street,Toronto (Bay Street Corridor), ON M4Y1Y8
Toronto (Bay Street Corridor), ON M4Y1Y8
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. (id:13843)
Details
| MLS # | C13655062 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 97 |
| Listing Provided By | RE/MAX EXCEL REALTY LTD. | BRIAN KIM |
Features
| Bath(s) | 2 Total |
|---|---|
| Zoning | Commercial |
Interior
| Cooling | Fully air conditioned |
|---|---|
| Heating | Forced air, Natural gas |
| Fireplace Yes / No | No |
Utilities
| Water Source | Municipal water |
|---|
Taxes
| Tax Annual Amount | 0 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Toronto (Bay Street Corridor) |
| Postal Code | M4Y1Y8 |
| Listing VS Median (in M4Y1Y8) | |
Price: $189,999 low | high Med: $2,250 On site: 97 low | high Med: 61 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Toronto (Bay Street Corridor) |
| Postal Code | M4Y1Y8 |
| Listing VS Median (in M4Y1Y8) | |
Price: $189,999 low | high Med: $2,250 On site: 97 low | high Med: 61 | |
