1549 Steeles Avenue E, Toronto, Ontario M2M 3Y7

Listed for:

$1,200,000

0 beds

0 baths

Listed 209 days ago

1549 Steeles Avenue E, Toronto, Ontario M2M 3Y7

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Listing provided by:

TOP CANADIAN REALTY INC.

MLS® number:

C7298744

Agent:

Michael Keum

Phone:

(905) 292-5433

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About

Amazing Business with Great Sale of Over $2.4M/Y. Net Income is Way Over Half Million a Year. All Number\nCan Be Verified By The Record. Famous Korean Franchise Of Paik's Noodle. Royalty is Only 3% of Net Sale.\nAll Equipment, Heater, Aircon is Replaced in 2023. Full Training Of 2-3 Weeks Will be\nProvided.Definitely, Wonderful Business With Reputation. Lots Of Parking On The Mall Parking\nSpace.Electronic Order System On Each Table. All Food Ingridient is Used From Locally Grown Up and Only\nSauce is Imported From South Korea. New Lease 4+5 Yr Including TMI and HST only $10,600 Water, Hydro and\nGas Extra. **** EXTRAS **** Exact Full Address 1549-1551 Steeles Ave. E Toronto (id:27476)

Property Highlights

Type

Cooling type

Fully air conditioned

Heating fuel

Natural gas

Fireplace

Construction material

Parking space

Ownership Type

Amenities nearby

Location

Summary

Here is a fantastic business opportunity with an impressive annual sales figure of over $2.4 million. The net income exceeds half a million dollars per year, and all financial data can be verified through official records. This business is a well-known Korean franchise of Paik's Noodle, with a royalty fee of only 3% of net sales.

All equipment, heaters, and air conditioning have been replaced in 2023, ensuring that the business is fully equipped and up to date. The new owner will receive comprehensive training for 2-3 weeks to ensure a smooth transition and continued success.

This business has a stellar reputation and is located in a mall with ample parking space for customers. Each table is equipped with an electronic order system, streamlining the ordering process for both customers and staff.

All food ingredients used in the business are sourced locally, with the exception of the imported sauce from South Korea. The new lease includes TMI and HST, with a total monthly cost of $10,600. Additional expenses for water, hydro, and gas are not included in the lease.

For more information, the full address of the property is 1549-1551 Steeles Ave. E, Toronto. This property is currently for sale and is located in the Bayview Woods-Steeles community. It is fully air conditioned, providing a comfortable environment for both customers and staff.

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