1000 Gerrard Street E F2, Toronto E01, ON M4M 3G6 (Gerrard Street East & Pape Ave)

Price : $189,000.00 , MLS®# : E12368261

Description

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

Location Description

Gerrard Street East & Pape Ave

Property Details
  • Community: South Riverdale
  • Property Type: Owner+Tenant/Commercial
  • Garages: Outside/Surface
  • Annual Property Taxes : $ 0
Building Features
  • Parking Type : Outside/Surface
Building Features
  • Heating : Other
Land (Lot Features)
  • Frontage: 0 sq.ft
  • Land Depth: 0sq.ft

Listing Contracted With: CENTURY 21 HERITAGE GROUP LTD.