$184,999

Sale Of Business For Sale
MLS - #X12277011
17 hours ago- By GATE GOLD REALTY

8 QUEENSWAY N/A, Norfolk, ON N3Y 4M3

Bed
Bath
None Garage

Property Description

Property type

Sale Of Business

Lot size

N/A

Style

Approx. Area

N/A Sqft

About 8 QUEENSWAY N/A

Excellent convenience store opportunity in Simcoe, Ontario. Located in the high-traffic Governor Simcoe Plaza and surrounded by residential neighborhoods and schools, this established store benefits from consistent walk-in traffic and loyal clientele. The business generates over $252,000 (approx.) in annual sales plus $47,700 (approx.) per year in additional commission income from Lotto, RIA, ATM, Uhaul, Bitcoin, and more. Monthly net profit is $7,000 (approx.) after all expenses, including rent and utilities. Rent is $2,759/month, inclusive of TMI, water, and gas. The lease is long-term 4.5+5 years with renewal options in place. Annual expenses are under $41,000 (approx.), providing healthy margins. Business is in operation since the last 14-15 years with the existing owner from the last 2-3 years. Potential to expand with Uber Eats, courier services or other add-ons. Inventory and office setup are not included in the sale price. Please do not go direct and do not speak to employees.

Home Overview

Last updated

17 hours ago

Virtual tour

None

Basement information

Building size

--

Status

In-Active

Property sub type

Sale Of Business

Maintenance fee

$N/A

Year built

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Additional Details

Basement:N/A
Cooling:Yes
Heating:None
Parking Features:N/A
0
Similar Homes Found
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Average Price
18499900.0%
Higher than average

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Walk Score for 8 QUEENSWAY N/A

Sales Representative

Angela Yang

Sales Representative, ANCHOR NEW HOMES INC.

English, Mandarin
Residential ResaleProperty ManagementPre Construction

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