REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 449,000
Est. payment | /mo
1 Bath
$ 449,000
Est. payment | /mo
1 Bath
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Subdivision Kensington-Chinatown
MLS Listing ID C12191108
Tax Year 2024
Property Sub-Type Sale Of Business
Property Description
Turnkey Café-Bar in Prime Downtown Toronto ~ Located between Queen West and Dundas West, this established 1,741 sq ft café-bar benefits from exceptional pedestrian and vehicle traffic. Surrounded by OCAD University, the Art Gallery of Ontario, and the Bay Street Corridor, it draws a steady mix of professionals, creatives, students, and remote workers. Prema Coffee Co. is a place for professionals to step out of the office and relax on a well-deserved break with a superior café experience featuring nutritious, delectable food and premium coffee. It's an ideal spot for connecting with colleagues or clients in a comfortable, inspiring space to expand on business conversations. The flexible layout also lends itself to hosting networking events, group instruction, or private gatherings.With a strong reputation for quality, eco-conscious design, and an inviting ambiance, this turnkey business offers both consistent cash flow and untapped potential. Operations are streamlined with a Square POS system, in-house AI automations for training and customer service, and professionally documented standard operating procedures for daily operations ~ perfect for smooth ownership transition. All licenses (liquor, business, music) are current and transferrable, and the business is fully compliant. The current lease has 4 years remaining plus a 5-year renewal option. Growth opportunities include expanding the bar and wine program, hosting midweek events (comedy nights, DJs), and diversifying dessert and beverage offerings (e.g., smoothies, ice cream, cakes).An exceptional opportunity to own a thriving café-bar in one of Torontos most dynamic cultural hubs.
Location
Province ON
County Toronto
Community Kensington-Chinatown
Area Toronto
Interior
Cooling Yes
Others
Virtual Tour https://player.vimeo.com/video/1088749023?title=0&byline=0&portrait=0&badge=0&autopause=0&player_id=0&app_id=58479
Listed by COLDWELL BANKER THE REAL ESTATE CENTRE
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
7885 Tranmere Dr Unit 1, Mississauga, Ontario, L5S1V8, CAN