Property Description

Superb Franchise restaurant opportunity located at King St E & Sherbourne St, heart of downtown Toronto. Features include Restaurant surrounded by George Brown College campus, major offices/banks & condos ensuring strong and stable customer base for lunch + dinner. Great potential for 24/7 operations. Directly connected to TTC, street cars (East/West) and bus service (North/South). Large condo towers by reputed builders: Pemberton – Time & Space 29 storeys complete 1600 condos – occupants moving in, Cityzen & Fernbrook – St Lawrence Condos 26 storeys complete 482 condos -occupants moving in, Menkes – The Whitefield – 39 storeys under construction 470 condos, First Gulf – EQ Bank Tower 23 Floors Exterior complete, working on interiors – anticipated ready to move in by Q1 2025.These developments bringing in estimated 9000+ new customers (in addition to existing customers) within 300m of the restaurant. At least 3 other major developments including Fitzrovia Retirement Homes anticipated to break ground soon within 100 meters of the restaurant; Notice by City of Toronto are up. New LRT is located within walking distance, Scotia Bank & Waddington Auction House located next door; National Bank, RBC, BMO; CIBC, Globe & Mail (Air Miles, Yellow Pages, many more) within 2 minute walk; Coca-Cola National Office and No Frills located within 50 meters; LCBO, Pet Store, Toronto Opera Company, Fire Station within 1 minute. This restaurant has the latest equipment: complete remodel including all equipment: 2 cold wells,1 hot well, 1 proofing & baking unit, 2 toaster ovens, Brand new HVAC unit, LED Lighting, New flooring and walls, seating capacity for up to 32 guests with 2 Toilets (plus small office space). Rapidly developing customer base; average household income of $135,000. Rent frozen for 2yrs and lease good thru 2028 with another option to extend the lease by another 5 yrs. Low TMI. Net Price includes all brand new equipment, furniture, newly installed HVAC, inventory.

Features
: N
None
This turnkey ready to move in restaurant presents a rare opportunity for new entrepreneurs (immigrants and citizens alike ensuring long term employment and ownership); Seller open to partnership.
Address Map
King
Canada
Ontario
Toronto
Toronto
M5A 1K2
259
St
25431
: E
01.C08.0950
Property Details
0 Sqft
Moss Park
0 Sqft
Utilities
: Elec Forced Air
: Y
C$0

259 King St, Toronto, Ontario M5A 1K2

For Sale Sale Of Business

2 Bathrooms
C$435000
Listing ID #C9055180
Basic Details
Listing ID : C9055180
Property Type : Sale Of Business
Price : C$435000
Bathrooms : 2
Tax Year :
Days On Market : 13
Agent info
The Alves Group
Contact Agent