$184,999
8 QUEENSWAY N/A, Norfolk, ON N3Y 4M3
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
Price Comparison
Location

Angela Yang
Sales Representative, ANCHOR NEW HOMES INC.
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Some information about this property - QUEENSWAY N/A

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