500 Bloor Street West, Toronto (Annex) - Business for Sale
500 Bloor Street West, Toronto (Annex), Ontario, M5S1Y3
This business in Toronto is for sale offering roughly 1,844 sq ft of space. It has been on the market 21 days, fresher than the Toronto average of 58 days.
Description
Exceptional 24/7 A&W franchise opportunity in the heart of Toronto's vibrant Annex neighbourhood. Ideally positioned on Bloor Street West, this busy 1,844 sq. ft. location benefits from outstanding pedestrian traffic and proximity to the University of Toronto, schools, offices, residences and the major Mirvish Village development. The restaurant offers seating for 26, strong sales, a loyal customer base and an efficient layout designed for high-volume quick-service operations around the clock. Franchise modernization has been completed to current standards, with no anticipated site upgrades for the next seven years. Currently operated by a hands-off owner, this is a fantastic opportunity for an active owner-operator to reduce management costs and further improve profitability. Full franchisor training and support are available, subject to approval, with royalties of 3.5% plus a 3% advertising contribution. Gross monthly rent is approximately $15,100 inclusive of TMI, plus HST with lease term remaining. Prospective purchasers are expected to have a minimum of 35% of the purchase price available in unencumbered cash and are subject to franchisor approval. A compelling turnkey opportunity backed by one of Canada's most recognized quick-service brands. Please do not go direct or speak with staff. (id:66096)
Property Details
- MLS®
- C14086860
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Business Commercial
- Bathrooms
- 3
- Interior Size
- 1,844 ft²
- Lot Size
- 44 × 50 ft (2,200 sq ft)
- Frontage
- 44 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 21 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Active: 21 days on market, against an average age of 58 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 (Annex) has been listed for 21 days, which is 37 days fresher than the city average of 58. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M5S)
This home lists at $439,000, about 6.3× the local median household income of $70,000.
Carrying it typically needs a household income of about $85,752 (20% down, 25-yr amortization, stress-tested) — roughly 23% above the area median.
- Median household income
- $70,000
- Population
- 17,074
- Median age
- 33.2
- Owner / renter
- 36% / 64%
- Avg. household size
- 1.8
Source: Statistics Canada, 2021 Census (FSA M5S)
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$439,000
Toronto