35 McCaul Street, Toronto C01, Ontario M5T 1V7

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.