$119,000
Available - For Sale
Listing ID: W13825712
223 Ceremonial Drive , Mississauga, L5R 2N3, Peel
| An exceptional turn-key Kung Fu Tea opportunity located in the highly desirable Hurontario / East Credit neighbourhood. This established neighbourhood plaza benefits from steady daily foot traffic generated by surrounding residential density and professional services. Ideally positioned within approximately 5-7 minute walk to Champlain Trail Public School, St Hilary Elementary School and Fairwind Senior Public School, creating strong afternoon, after-school, evening and weekend demand. A profitable business with strong and loyal community following driving repeat business. Offered with an attractive monthly rent of $2,544 + HST (including TMI and Water) - a rare advantage for a cafe-style operation. Lease in place to May 31, 2027, with 5-year renewal option. Business Transfer Fee $5000 + HST ( shared by existing owner and new owner). The original owner invested over $230,000 in professional build-out, equipments, and brand-compliant setup. A true walk-in, turn-key opportunity - take over and begin operating the very next day after closing. The Buyer is not required to continue operating under the Kung Fu Tea franchise and may change the business concept or use, subject to landlord approval. |
| Price | $119,000 |
| Taxes: | $0.00 |
| Tax Type: | TMI |
| Occupancy: | Tenant |
| Address: | 223 Ceremonial Drive , Mississauga, L5R 2N3, Peel |
| Postal Code: | L5R 2N3 |
| Province/State: | Peel |
| Directions/Cross Streets: | Hurontario & Eglinton |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 |
| Category: | Without Property |
| Use: | Cafe |
| Total Area: | 0.00 |
| Retail Area Code: | Sq Ft |
| Approximatly Age: | 0-5 |
| Financial Statement: | F |
| Chattels: | T |
| Franchise: | T |
| Days Open: | O |
| Hours Open: | Tue - T |
| Employees #: | 5 |
| Seats: | 8 |
| Washrooms: | 0 |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Yes |
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| CENTURY 21 ATRIA REALTY INC. |
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Wally Islam
Real Estate Broker
Dir:
416-949-2626
Bus:
416-293-8500
Fax:
905-913-8585
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Sale Of Business |
| Area: | Peel |
| Municipality: | Mississauga |
| Neighbourhood: | Hurontario |
| Approximate Age: | 0-5 |
| Fireplace: | N |
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