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7777 Weston RD #107 Vaughan, ON L4L 0G9
1,274 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Square Footage 1,274 sqft
Price per Sqft $77
Subdivision Vaughan Corporate Centre
MLS Listing ID N12395909
Condo Fees $1,514
Annual Tax Amount $11,038
Tax Year 2025
Property Sub-Type Sale Of Business
Property 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
Province ON
County York
Community Vaughan Corporate Centre
Area York
Interior
Cooling Yes
Exterior
Utilities Available Available
Building
Building Age 6-15
Others
Security Features Yes
Listed by CENTURY 21 HERITAGE GROUP LTD.
