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$ 159,000
Est. payment /mo
Price Dropped by $20K
1000 Gerrard ST East #F2 Toronto (south Riverdale), ON M4M3G6
263 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 263 sqft
Price per Sqft $604
Subdivision South Riverdale
MLS® Listing ID E12368261
Source Toronto Regional Real Estate Board
Property 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 (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Other
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 100
Private Pool No
Listed by CENTURY 21 HERITAGE GROUP LTD.
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