548 Yonge Street Toronto, Ontario M4Y 1Y8
$189,999
Rare opportunity to acquire a turnkey licensed Japanese restaurant on one of Toronto's busiest retail corridors, steps to Wellesley Station. Approximately 2,310 sf across ground floor, mezzanine and basement in a high-exposure storefront with established signage. Well-run operation with a loyal customer base and strong, growing sales - approaching seven figures annually. Fully built and equipped commercial kitchen with hood and ecologizer system. All chattels, fixtures and equipment owned outright and included; no rental or leased equipment to assume. LLBO in place. Established franchise with franchisor consent to a transfer already obtained. New five-year lease starting in 2027 already in place direct with the landlord, with base rent stepping down at the start of the new term - a meaningful reduction in occupancy cost for an incoming owner. Landlord open to considering a change of use to other retail concepts and a sublease of the mezzanine. (id:49269)
Business
| Business Type | Restaurant |
| Business Sub Type | Restaurant/pub |
| Name | Mr. Tonkatsu |
Property Details
| MLS® Number | C13655062 |
| Property Type | Business |
| Community Name | Bay Street Corridor |
Building
| Bathroom Total | 2 |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Zoning Description | Commercial |
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October 23 2026 04:03:32
Toronto Regional Real Estate Board
RE/MAX Excel Realty Ltd.