High margin convenience store located in a busy plaza, together with Tim Hortons , Subway, Factory burger, True north weed shop, 2001 video audio at same plaza. Weekly sales $9,000. Within this $9,000, cigarettes portion is 55% with profit Margin is15% , grocery 45% with 50% margin. Lotto commission monthly $2,000, ATM commission $200 a month, Bitcoin $350 a month, other rebates & ads income $100 monthly, has alcohol license. Rent $5,600 all inclusive ( tmi & water), hydro $550, internet & phone $150, alarm $30, insurance $250 , others $50. Lease until May 31, 2030, with + 5+5 options. Net income: $90,000 a year (salary included). (id:62499)
| Business Type | Retail and Wholesale |
| Business Sub Type | Convenience store |
| MLS® Number | X12603180 |
| Property Type | Business |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Utility Water | Municipal Water |
| Acreage | No |
| Zoning Description | Commercial |
https://www.realtor.ca/real-estate/29164822/102-4396-king-street-kitchener
Contact us for more information
Vicky Pan
Broker
(416) 490-0880
(416) 490-8850
www.aimhomerealty.ca/
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