$99,000
Available - For Sale
Listing ID: N12395909
7777 Weston Road , Vaughan, L4L 0G9, York
| 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: | $11038.68 |
| Tax Type: | Annual |
| Monthly Condo Fee: | $1515 |
| Occupancy: | 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 |
| 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 |
| Category: | Without Property |
| Use: | Cafe |
| Building Percentage: | F |
| Total Area: | 1274.00 |
| 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 |
| Sprinklers: | Yes |
| Washrooms: | 0 |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Yes |
| Sewers: | Sanitary |
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Years
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| CENTURY 21 HERITAGE GROUP LTD. |
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RAY NILI
Broker
Dir:
(416) 837 7576
Bus:
(905) 731 2000
Fax:
(905) 886 7557
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At a Glance:
| Type: | Com - Sale Of Business |
| Area: | York |
| Municipality: | Vaughan |
| Neighbourhood: | Vaughan Corporate Centre |
| Approximate Age: | 6-15 |
| Tax: | $11,038.68 |
| Fireplace: | N |
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