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$198,000
Available - For Sale
Listing ID: C8476874
In the heart of downtown Toronto, right next to Yonge and Wellesley Streets, lies a thriving board game cafe perfectly positioned to attract today's young crowd. This centrally located business boasts a spacious 4,122 sq ft across two floors. Completely renovated and equipped by the current owner for approximately $420,000, the cafe is move-in ready for continued success. The open lower floor offers a welcoming atmosphere with 10 tables, 40 seats, and a massive library of over 200 board games, catering perfectly to both couples and larger groups. Head upstairs and you'll find 8 private rooms ideal for a more intimate gaming experience, each equipped with automatic Mahjong tables. But the fun doesn't stop there! A convenient mini mart ensures you have all the snacks and drinks you need for your game night, while the kitchen, complete with LCBO licensing, allows you to enjoy alcoholic beverages as well. The current lease offers attractive terms with a monthly rent of approximately $22,179 (including TMI) and a remaining term of 5.3 years with a 5-year renewal option. Open seven days a week, the cafe caters to both weekday and weekend crowds, operating from 5 pm to 1 am Monday through Thursday and extended hours from 2 pm to 1 am on Fridays through Sundays. With sales steadily increasing as the cafe gains more popularity, this is a prime opportunity to step into a turn-key business with all the amenities, equipment, and licenses already in place for guaranteed success.
Extras:   All Existing Chattels. All Business Numbers Are As Per Seller, Listing Broker Has As Not Verified Accuracy, Buyers Are Welcome To Perform Due Diligence.
Price $198,000
Taxes: $1,000
Tax Type: Annual
Occupancy by: Tenant
Address: 556 Yonge St , Unit 2F, Toronto, M4Y 1Y8, Ontario
Apt/Unit: 2F
Postal Code: M4Y 1Y8
Province/State: Ontario
Legal Description: PT LT 27 PL D3 TORONTO AS IN EP147606; T
Lot Size: 23.08 x 123 (Feet)
Directions/Cross Streets: Wellesley St & Yonge St
Zoning: Commercial Resid
Category: Without Property
Use: Entertainment
Building Percentage: N
Total Area: 4,122
Total Area Code:  Sq Ft
Retail Area: 3500
Retail Area Code: Sq Ft
Area Influences: Public Transit  
Business/Building Name: 17 Tiles
Financial Statement: N
Chattels: Y
Franchise: N
Days Open: 7
Hours Open: 2PM-1AM
Employees #: 11
Seats: 72
LLBO: Y
Heat Type: Gas Forced Air Closd
Central Air Conditioning: Y
Water: Municipal
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REAL ONE REALTY INC.

556 Yonge St , Unit 2F, Toronto, M4Y 1Y8, Ontario


 
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Type: Com - Sale Of Business
Area: Toronto
Municipality: Toronto
Neighbourhood: Bay Street Corridor
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Lot Size: 23.08 x 123.00(Feet)
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Tax: $1,000
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