96 Gerrard St,Toronto, ON M5B 1G7
Toronto, ON M5B 1G7
Description
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.
Details
| MLS # | 40852588 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 87 |
| Listing Provided By | CENTURY 21 RIGHT TIME REAL ESTATE INC. | Tanmeet Bagga |
Features
Interior
| Cooling Yes / No | No |
|---|
Area Information
| Province | ON |
|---|---|
| County | Toronto |
| City | Toronto |
| Postal Code | M5B 1G7 |
| Listing VS Median (in M5B 1G7) | |
Price: $299,000 low | high Med: $0 On site: 87 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Toronto |
| City | Toronto |
| Postal Code | M5B 1G7 |
| Listing VS Median (in M5B 1G7) | |
Price: $299,000 low | high Med: $0 On site: 87 low | high Med: | |
