223 Ceremonial Drive 10
Mississauga, L5R 2N3
FOR SALE
$119,000
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Sale Of Business
CATEGORY 710 Sq Ft
RETAIL AREA W13825712
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Property Description
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.
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Property Details
Address
223 Ceremonial Drive 10
Community
City
Postal Code
L5R 2N3
Property Type
Sale Of Business, Sale Of Business
Use
Without Property
Zoning
Commercial
Retail Area
710 Sq Ft
Heat Type
Gas Forced Air Open
Water
Municipal
Garage Type
Plaza
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Listing contracted with Century 21 Atria Realty Inc.
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