Unit 107 7777 Weston Road Vaughan ON L4L 0G9
$ 75,000

Listing ID

#N12395909

Property Type

Sale Of Business

County

York

Neighborhood

Vaughan Corporate Centre

Days on website

100

Description
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.
Location
Financial Information
List Price:  $ 75000
Taxes:  $ 11039
Property Features
Air Conditioning:  Yes
Approximate Age:  6-15
Garage Type:  Outside/Surface
Heat Type:  Gas Forced Air Open
Sewers:  Sanitary
Sprinklers:  Yes
Utilities:  Available
Listed By:     CENTURY 21 HERITAGE GROUP LTD.