148 Spadina AVE #3 Active Save Request In-Person Tour Request Virtual Tour
Toronto C01,ON M5V 2L8
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Square Footage 711 sqft
Price per Sqft $210
Subdivision Waterfront Communities C1
MLS Listing ID C11902543
Tax Year 2024
Property Description
Location!!! Location!!! Location!!! INS Market Franchise Business For Sale at Spadina Ave & Richmond St. W. Busy Intersection in The Heart of Downtown Toronto's China Town With A very High Foot Traffic, The Store Faces Directly The Street. Public Transit (TTC) Streetcars At The Door With A Brand New Subway Station Being Built Right Next To It, Which Will Drive Even More Traffic To The Store. Surrounded By High Profiles Restaurants, Hotels, Office Buildings, Luxury Condos Etc. Loyal Customers For Years. Making Money! Low Monthly Rent of Roughly $5500 Including HST. Monthly Sales Of About 65k to 70k Including Lotto (per seller). Weekly average sales of 17k and Daily Average Sales $2500 to $3000 Including Lotto (per seller). Lotto Commission Between $3000 - $4000/ month Pays Half of The Monthly Rent!!!. Inventory Top Up / Replenishment of About $1500 Bi-Weekly. Lease has 3+ More Years Left Until May 21st , 2028 With An Option For 5 Years Extension. Large Area of 711sq. Comes With Employees Washroom And Extra Storage Area In The Store Where Extra Inventory, Supplies, And Non-Display Items Are Kept. Its Typically Used For Stock Management, Organization, And Replenishing Shelves.. 1 Parking Spot Is Available In The Back Of The Store. Opportunity To Make Even More Money By Adding Alcohol Sale (Highly Demanded By Clients), Western Union Money Transfer, Uber Eats And DoorDash Orders, All Built-in Into The POS System And Ready To Be Activated By The New Owner! Bitcoin and ATM Machine At The Store Bring More Income and Traffic To The Store. With One Employee Capable Of Running The Store, This Is An Ideal Opportunity For A Residual Income While Keeping Your Regular Work And Activities! Don't Miss This Opportunity To Be Your Own Boss!!!
Location
State ON
County Toronto
Community Waterfront Communities C1
Area Toronto
Interior
Cooling Yes
Exterior
Garage Spaces 1.0