263 sqft
Fully Air Conditioned
Other
$189,000
Location, Location, Location!Take over a well-established Subway franchise located in the very busy Gerrard Square Shopping Centre, one of Torontos highest foot traffic malls! Anchored by big-box stores like Walmart,Home Depot, Winners, Dollarama, Staples, Tim Hortons & KFC, and surrounded by dense residential, commercial, and office buildings.Why This Business?Short Hours: Mall hours (Mon Fri 10 AM9 PM, Sat Sun 10 AM6 PM) allow for a great work/life balance Low Food Cost: Approx. 26% (per seller)Very Low Rent: Only $4,576.42/month (TMI incl. garbage, gas, water)No Heavy Cooking: Simple operations & full franchisor support Recently Renovated: Over $80,000 in upgrades & new equipment Absentee Owner: Great potential for hands-on owner/operator Long Lease: Until Jan 2030 + two (5-year) renewal options Franchise Royalties: 8% Royalty + 4.5% Marketing*Growth Opportunities Catering Potential: Huge demand from nearby businesses and offices Hands-on Management: Ideal for family-run or owner-operated businesses to increase sales Located right on Transit Line: TTC, streetcars & ample mall parking Please Do Not Visit the Store or Speak to Staff. All Showings by Appointment Only.Perfect For:Subway's Owners New immigrants First-time business buyers Investors looking for a steady cash flow Entrepreneurs wanting a well-known brand with low overhead and support (id:41954)
Property Details
MLS® Number
|
E12368261 |
Property Type
|
Business |
Community Name
|
South Riverdale |
Parking Space Total
|
100 |
Building
Appliances
|
Freezer, Microwave, Oven |
Cooling Type
|
Fully Air Conditioned |
Heating Type
|
Other |
Size Interior
|
263 Sqft |
Utility Water
|
Municipal Water |
Land
Acreage
|
No |
Zoning Description
|
Commercial Sale Of Business In Mall |
https://www.realtor.ca/real-estate/28786044/f2-1000-gerrard-street-e-toronto-south-riverdale-south-riverdale