556 Yonge St
Toronto, M4Y1Y8
For Sale
$158,000
➧
➧
Without Property
CATEGORY4,122 Sq Ft
TOTAL AREAC8476874
MLSIDContact Us
Property Description
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.
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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.
Property Details
Category
Without Property
Usage
Entertainment
Zoning
Commercial Residential Zone CR3
Total Area
4,122 Sq Ft
Retail Area
3,500 Sq Ft
Lot Size
23' x 123'
Taxes
$1,000 (2023)
Washrooms
2
Air Conditioning
Yes
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Listing contracted with Real One Realty Inc.
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