582 Yonge Street, Toronto (Bay Street Corridor) - Business for Sale
582 Yonge Street, Toronto (Bay Street Corridor), Ontario, M4Y1Z3
Description
Highly recognized and well-established Korean rice dog franchise in the heart of downtown Toronto. Ideally situated in a high-traffic location with exceptional exposure, this turnkey business benefits from strong pedestrian traffic year-round, attracting locals, office workers, students, and tourists alike.Currently operating as a successful takeout restaurant with a 20-seat dine-in area, this business is easy to manage with minimal owner involvement. Monthly gross sales are approximately $70,000 (as per the seller), with food costs averaging 28-30%, offering an efficient and profitable operating model.The lease includes no demolition clause, providing added security and long-term peace of mind for the purchaser. An excellent opportunity to acquire a proven franchise in one of Toronto's busiest and most desirable commercial districts. (id:66096)
Property Details
- MLS®
- C13508840
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Commercial
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 126 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 126 days on market, against an average age of 60 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 (Bay Street Corridor) 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 (M4Y)
This home lists at $240,000, about 3.8× the local median household income of $62,400.
Carrying it typically needs a household income of about $46,880 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $62,400
- Population
- 36,319
- Median age
- 33.2
- Owner / renter
- 29% / 72%
- Avg. household size
- 1.5
Source: Statistics Canada, 2021 Census (FSA M4Y)
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$240,000
Toronto