$299,000
Available - For Sale
Listing ID: C12097756
1517 Bayview Aven , Toronto, M4G 3B5, Toronto
| Have you ever dreamed of owning and running your own cafe? Clocking in at 7am and locking up by 5pm? Working remotely while you sip coffee to the smell of baked goods? Well, heres your chance to own one of Torontos most respected independent cafés in the heart of Leaside. Closing in on 10 years at this location, Lit Espresso Bar is a beloved local staple with the vibe of a boutique café and the systems of a franchise minus the royalty fees. Known for its exceptional coffee, in-house roasted beans, and loyal clientele, this café rivals the strongest chains in the city. Strategically located on Bayview Aves bustling retail corridor, the café enjoys steady foot traffic, high sales volume, and a strong NOI that easily covers the owners salary. With 3 years remaining on the lease plus a 5-year renewal option, the business offers security, profitability, and room to grow. Whether you're a hands-on operator or looking to expand your portfolio, Lit comes with built-in goodwill, brand recognition, and potential to scale across the city. Seller is offering full training for a seamless transition. Please do not go direct or speak to staff. |
| Price | $299,000 |
| Taxes: | $0.00 |
| Tax Type: | TMI |
| Occupancy: | Tenant |
| Address: | 1517 Bayview Aven , Toronto, M4G 3B5, Toronto |
| Postal Code: | M4G 3B5 |
| Province/State: | Toronto |
| Directions/Cross Streets: | Bayview & 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 |
| Category: | Without Property |
| Use: | Cafe |
| Total Area: | 960.00 |
| Total Area Code: | Square Feet |
| Retail Area Code: | Sq Ft |
| Financial Statement: | T |
| Chattels: | T |
| Franchise: | F |
| Days Open: | O |
| Hours Open: | 7am-5pm |
| Employees #: | 10 |
| Seats: | 30 |
| Washrooms: | 2 |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Yes |
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| ROYAL LEPAGE REAL ESTATE SERVICES LTD. |
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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: | Toronto |
| Municipality: | Toronto C11 |
| Neighbourhood: | Leaside |
| Baths: | 2 |
| Fireplace: | N |
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