901 Victoria St N Kitchener, ON

25431 – 259 King Street E, Toronto (Moss Park), Ontario M5A 1K2 (27561173)


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25431 - 259 King Street E Toronto (Moss Park), Ontario M5A 1K2

2 Bathroom
Fully Air Conditioned Forced Air

$299,900

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. **** EXTRAS **** 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. (id:50976)

Business

Business Type Restaurant
Business Sub Type Restaurant/pub

Property Details

MLS® Number C9418383
Property Type Business
Community Name Moss Park

Building

Bathroom Total 2
Appliances Refrigerator
Cooling Type Fully Air Conditioned
Heating Fuel Electric
Heating Type Forced Air
Utility Water Municipal Water

Land

Acreage No
Zoning Description Commercial

https://www.realtor.ca/real-estate/27561173/25431-259-king-street-e-toronto-moss-park-moss-park

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Rohan Khanna
Salesperson

(647) 514-7799
www.rohankhanna.ca/
https://www.facebook.com/rohankrealestate
https://www.linkedin.com/in/rohan-khanna-bsc-emba-resp

Royal LePage/j & D Division
477 Mt. Pleasant Road
Toronto, Ontario M4S 2L9

(416) 489-2121
(416) 489-6297

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