2923 Lawrence Avenue East, Toronto (Bendale) - Business for Sale
2923 Lawrence Avenue East, Toronto (Bendale), Ontario, M1P2T8
This business in Toronto is for sale offering roughly 1,775 sq ft of space.
Description
Turnkey opportunity to acquire a top-rated GTA momo brand and multi-channel culinary business. Strategically located in a high-density, food-loving Scarborough hub at 2923 Lawrence Ave E within the thriving Wexford Heights BIA, this high-traffic location enjoys immense exposure near major landmarks and the annual Taste of Lawrence festival. Low rent of just $3,800/month includes TMI, with a 1+4 year lease term and the option to obtain a brand-new lease from the landlord. Boasting a stellar 4.8-star digital reputation with hundreds of glowing reviews, the business features a recession-proof revenue model spanning a high-volume takeout/delivery operation, lucrative event catering, and a proven, scalable wholesale framework distributing frozen momo packs to GTA supermarkets. Fully equipped with streamlined small-batch manufacturing systems, standardized proprietary recipes, and a fully trained kitchen staff, it operates seamlessly with minimal owner supervision. Backed by strong delivery partnerships, an active social media following, and a diverse, Halal-certified menu perfectly aligned with regional demographics, this high-margin asset is primed for immediate cash flow on Day 1 and effortless expansion across Ontario. (id:66096)
Property Details
- MLS®
- E13474298
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- .
- Interior Size
- 1,775 ft²
- Frontage
- 15 ft
- Building Area
- 1,775 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 135 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 135 days on market, against an average age of 68 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This business in Toronto (Bendale) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M1P)
This home lists at $149,000, about 2.0× the local median household income of $76,000.
Carrying it typically needs a household income of about $29,105 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $76,000
- Population
- 45,170
- Median age
- 39.6
- Owner / renter
- 59% / 41%
- Avg. household size
- 2.7
Source: Statistics Canada, 2021 Census (FSA M1P)
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$149,000
Toronto