No address available, Toronto, Ontario M2J2J2

For Sale

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Property Summary for No address available

Property Type
Comm/Ind
Date Added
4 December 2017
Neighborhood
Harwood
Postal Code
M2J2J2

Description for No address available

JUST REDUCED! VENDOR MOTIVATED TO SELL !\r\rBusiness Overview:\r\ro\tESTABLISHED Location: SUBWAY FRANCHISE RESTAURANT BUSINESS – PRIME TORONTO VERY HIGH TRAFFIC LOCATION \r(LARGE SIZE STORE APPROX 1300 SQ FT ) **** METRO UPSCALE DÉCOR PACKAGE ****\r\ro\tSales approx $328,000 / YEAR NET SALES (As per seller)\r\ro\tVERY VERY LOW RENT OF ONLY $2649.02 PER MONTH (INCLUDES TMI AND WATER AND HYDRO AND GAS AND C.A.M.) \r\ro\tGAS - INCLUDED \r\ro\tHYDRO - INCLUDED\r\ro\tWATER - INCLUDED\r\ro\tAccounting approx $200 / month\r\ro\tRoyalty approx 8%\r\ro\tInsurance approx $100 /month\r\ro\tFood Cost approx 30%\r\ro\tHEAVY TRAFFIC LOCATION, SURROUNDED BY COMMERCIAL AND RESIDENTIAL CONDOS, AND INDUSTRIAL, \r\ro\tAREA IS FULL OF POTENTIAL!!! POSSIBLY INCREASE HOURS, SCHOOL ORDERS OR EXTENDED CATERING TO POSSIBLY INCREASE SALES, COULD BE $500,000 IN NEAR FUTURE\r\ro\tMarketing/advertising approx 4.5%\r\ro\tVERY LONG Lease Terms approx: 2022 + (2) 5 Year options \r\ro\tCommercial / Residential Area, Mixed Use Area, School in the area! (SURROUNDED BY COMMERCIAL AND RESIDENTIAL BUILDINGS)\r\ro\tASKING Only $249,000 (OBO)\r\rComments: For an unprecedented 15 times in 20 years, the SUBWAY® restaurant chain has been ranked the number one franchise opportunity in Entrepreneur magazine's 28th Annual Franchise 500® rankings. The SUBWAY® chain has also held the number one designation since 2001. The "Franchise 500" rankings are the most comprehensive franchise rankings in the world and consider many factors, including financial strength and stability, growth r ate, the size of the system and start-up costs.\r\rClient Remks: Established Business/Commercial Area. Wonderful Turn Key Operation. Great Opportunity To Get Into The Most Recognized Sub Franchise W/ The Most Sub Stores! Located In A Highly Desirable Area Toronto! Prime Location Surrounded By Commercial/ Residential Buildings AND RETAIL, Heavy Traffic Location. *Opportunity For Growth Possibly Expand Hours, School Orders Or Extended Catering!\r\rExtras: Priced To Sell! Sales Aprox $328,000/Yr, Long Lease Aprox 2022 +(2) 5 Yr Options Rent ONLY $2649.02 PER MONTH (INCLUDES TMI AND WATER AND HYDRO AND GAS AND C.A.M.), Royalty 8%, Marketing 4.5%, Labour Aprox 20 - 25%, Accounting Aprox $200/ Mth, Food Cost Aprox 30% @Location! Location! Location\r
Listing provided by Point2 Agent on 03/21/2019

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