500 Bloor Street West, Toronto (Annex), Ontario M5S1Y3

Listing courtesy of ROYAL LEPAGE REAL ESTATE SERVICES LTD..

$499,000
3
BA
1,844
SqFt

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List Price
$499,000
Status
ACTIVE
Days on Market
10
MLS® #
TorontoRegionalRealEstateBoard-C13735176
Bathrooms
3
Living Area
1,844
Subdivision
Annex
Neighborhood
Annex
MLS Area Major
Annex

Property Description

Exceptional 24/7 A&W franchise opportunity in the heart of Toronto's vibrant Annex neighbourhood. Ideally positioned on Bloor Street West, this busy 1,844 sq. ft. location benefits from outstanding pedestrian traffic and proximity to the University of Toronto, schools, offices, residences and the major Mirvish Village development. The restaurant offers seating for 26, strong sales, a loyal customer base and an efficient layout designed for high-volume quick-service operations around the clock. Franchise modernization has been completed to current standards, with no anticipated site upgrades for the next seven years. Currently operated by a hands-off owner, this is a fantastic opportunity for an active owner-operator to reduce management costs and further improve profitability. Full franchisor training and support are available, subject to approval, with royalties of 3.5% plus a 3% advertising contribution. Gross monthly rent is approximately $15,100 inclusive of TMI, plus HST with lease term remaining. Prospective purchasers are expected to have a minimum of 35% of the purchase price available in unencumbered cash and are subject to franchisor approval. A compelling turnkey opportunity backed by one of Canada's most recognized quick-service brands. Please do not go direct or speak with staff. (id:5764)

Additional Information

Community Features
Annex
Heating
Forced air, Natural gas
Air Conditioning
Fully air conditioned

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