21 Wellesley St, Toronto, Ontario, M4Y 1E8

Description

TURN-KEY CAFE / BUBBLE TEA OPPORTUNITY! Fully renovated approx. 1,100 sq.ft. retail space at 21 Wellesley St W, at Yonge & Wellesley in Downtown Toronto. Located within Wellesley On The Park, directly fronting a 1.6-acre public park, with abundant public parking and steps to Wellesley Subway Station / TTC Line 1. Conveniently close to U of T, TMU, Queen's Park, Eaton Centre, Yorkville, the Financial District and major downtown hospitals.Extensive ground-up renovation including electrical, plumbing, accessible washroom, lighting, custom millwork, counters and storage. Sale includes commercial beverage equipment, Hoshizaki ice machine/bin, refrigerators, tea dispensers, cup sealer, sinks, custom furniture/counters, POS, security system, displays, sound system, water filtration and more.Approx. 5.5 years remaining on sublease, expiring Apr. 14, 2032, subject to landlord approval and applicable lease requirements. Ideal for bubble tea, coffee, tea, dessert, ice cream or other permitted small-format food/beverage concepts. No food venting.Business sale only - equipment, fixtures & leasehold improvements included. Brand/franchise NOT included. Bring your own brand and take advantage of a substantial existing turn-key build-out. Preliminary estimated combined current value of equipment, fixtures and leasehold improvements: $135,483 CAD, (ext HST.)