A very rare opportunity to own a dual franchise of Chungchun Rice Dog and Gong Cha Tea, or bring your own business concept to life in the highly sought-after Market Lane, Wasaga Beach. Located at 1 Market Lane, Unit 1A, this approximately 1,400 sqft. commercial space is perfectly positioned in a high-traffic area, attracting both locals and tourists year-round. The existing dual franchise setup offers the opportunity to capitalize on two highly recognized and established brands - Chungchun Rice Dog, known for its popular Korean street food, and Gong ChaTea, one of the world's leading bubble tea chains. This unique combination creates strong potential for continued business success and growth. Alternatively, the versatile space provides flexibility for entrepreneurs looking to establish their own business in a thriving and rapidly growing community. Wasaga Beach continues to experience significant growth and development, with Costco currently being built nearby, two new high schools planned for the area, and increasing residential expansion driving future traffic and demand. The property also benefits from LLBO potential, adding even more opportunity for a variety of business uses. Located within a vibrant commercial hub surrounded by major anchor tenants including Walmart,Tim Hortons, Swiss Chalet, Boston Pizza, TD Canada Trust, Dollar Tree, and many more, this location offers outstanding visibility and consistent customer traffic throughout the year.Situated in one of Ontario's premier tourist destinations, this prime location offers exceptional exposure, steady foot traffic, and excellent long-term growth potential. Whether you are an experienced entrepreneur or a first-time business owner, this is a rare opportunity you do not want to miss.
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Freestanding:
No
Total Area:
1400 sq. ft. Square Feet
Total Area:
1,400 sq. ft.130 m2
Retail Area:
15069 sq. ft. Sq Metres
Lot Depth:
54'10¾"16.7 m
Lot Frontage:
20'6.1 m
Lot Shape:
Rectangular
Water supply:
Municipal
Zoning:
COMMERCIAL
Heating type:
Electric Forced Air
Clear Height:
25'7.62 m
Garage:
None
Possession Details:
Occupied
HST Applicable To Sale Price:
In Addition To
Type Taxes:
N/A
Taxes:
$0 /
2026
Assessment:
$- /
-
Simcoe
Wasaga Beach
Wasaga Beach
No
Chattels to be added as Schedule B
None
No
Utilities:
Available
Energy Certification:
No
Air Conditioning:
Yes
Seller Property Info Statement:
No
Financial Statements:
Yes
Expenses Actual/Estimated:
Estimated
Major Business Type:
Restaurant
Category:
Without Property
Franchise:
Yes
Days Open:
Open 7 Days
Hours Open:
Mon to Thurs 12 PM to 9 PM, Fri 12 PM to 9:30 PM, Sat 11 Am to 9:30 PM, Sun 11 Am to 9 PM
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