40852588

Price:
$349,000  For Sale
MLS® No:
40852588
Address:
96 GERRARD ST E, Toronto, Ontario, Canada, M5B1G7
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Features

Fire Place:
N

This business sale makes sense — an exceptional opportunity to own a well-established Fat Bastard Burrito franchise in one of downtown Toronto's busiest corridors, steps from Toronto Metropolitan University, Yonge-Dundas Square, the Eaton Centre, and St. Michael's Hospital, with strong, consistent foot traffic from students, residents, and commuters year-round. Monthly sales average approximately $47. 5K, and the 1, 200 sq. ft. space carries one of the lowest rents in the downtown core at just $5, 500/month, including TMI, with utilities averaging approximately $305/month. Royalty is 8% and marketing fee is 2%. The lease is with a student housing cooperative and runs until 2032, with two additional 5-year renewal options — a particularly attractive, long-term security rarely found in this market. (id:5856)
Listing Contracted With: CENTURY 21 RIGHT TIME REAL ESTATE INC. (Independently Owned & Operated)
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind.
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Jennifer WangReal Estate BrokerDirect: (647)262-1205Office: (905)338-8877