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$99,000
Available - For Sale
Listing ID: N12395909
Fantastic opportunity to take over a Kungfu Tea franchise in Vaughan, located in the Centro Square Mall with store fronting Hwy 7. This prime location benefits from dense foot traffic from residents and office workers living/working in this multi-use complex with 2 condo buildings, a retail mall and an office building attached. Kungfu Tea (Weston/Hwy 7) has achieved remarkable profits since its launch in 2021. This busy tea shop with a base of loyal customers benefits from the global reputation and support of the internationally renowned Kungfu Tea franchise. With a proven business model and strong brand recognition, sales remain consistent through both walk in and online orders regardless of season. Investing in Kungfu Tea (Weston/Hwy 7) is buying a fully operational business without paying the initial Franchise fee, renovation cost, and all the equipments and materials needed to startup the business. Franchisor paid an initial setup cost over $230k. This 1274 sq ft unit has a modern interior, a washroom and comfortable table/sitting area. Mall provides 3 hr free customer parking. 5 yr lease ends on Dec 31, 2026 with a 5 yr renewal option. 2025 monthly net rent $4034.33 + TMI and CAM $2328.38. Full training and support will be provided by the franchisor. This complete turn-key operation is an opportunity you don't want to miss. You can also turn it into other brand of cafe/fast food/restaurant if you wish.
Price $99,000
Taxes: $11,038.68
Tax Type: Annual
Monthly Condo Fee: $1515
Occupancy by: Tenant
Address: 7777 Weston Road , Vaughan, L4L 0G9, York
Postal Code: L4L 0G9
Province/State: York
Legal Description: UNIT 7, LEVEL 1, YORK REGION STANDARD CO
Directions/Cross Streets: Weston Rd/Hwy 7
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: Without Property
Use: Cafe
Building Percentage: F
Total Area: 1,274
Total Area Code:  Square Feet
Retail Area Code: Sq Ft
Approximatly Age: 6-15
Financial Statement: F
Chattels: T
Franchise: T
Hours Open: 12-11:3
Employees #: 2
Seats: 30
Maintenance: 0
Sprinklers: Yes
Heat Type: Gas Forced Air Open
Central Air Conditioning: Yes
Sewers: Sanitary
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CENTURY 21 HERITAGE GROUP LTD.

7777 Weston Road , Vaughan, L4L 0G9, York


 
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Type: Com - Sale Of Business
Area: York
Municipality: Vaughan
Neighbourhood: Vaughan Corporate Centre
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Approximate Age: 6-15
Tax: $11,038.68
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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