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96 Gerrard St E, Toronto

$299,000

Status

For Sale

Price

$299,000

Category

Commercial

Address

96 Gerrard St E, Toronto, ON

About this listing

This business sale makes sense — an exceptional opportunity to own a well-established Fat Bastard Burrito franchise in one of downtown Toronto's busiest corridors, steps from Toronto Metropolitan University, Yonge-Dundas Square, the Eaton Centre, and St. Michael's Hospital, with strong, consistent foot traffic from students, residents, and commuters year-round. Monthly sales average approximately $47.5K, and the 1,200 sq. ft. space carries one of the lowest rents in the downtown core at just $5,500/month, including TMI, with utilities averaging approximately $305/month. Royalty is 8% and marketing fee is 2%. The lease is with a student housing cooperative and runs until 2032, with two additional 5-year renewal options — a particularly attractive, long-term security rarely found in this market.

Listing courtesy of Century 21 Right Time Real Estate Inc., distributed via CREA’s REALTOR.ca® Data Distribution Facility. Gitalis Real Estate is not the listing brokerage, we’re happy to represent you as your agent on this property.