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Convenience Store With Residence For Sale
Location Ontario,Canada
Asking Price Range < $250K
Gross Revenues $225000
Net Profit / Cash Flow $15000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1945
Number of Employees 4 - 5
Relocatable No
Number of Employees 4 - 5
Real Estate Owned
Training Yes
Reason for Sale No time to manage
Description Well established convenience store for sale, featuring a brand new second floor residence (built in 2010). Only variety store in town which is located on a busy corner on London Road, close to Lake Huron. This variety store is located in the village of Belgrave. The village is very community orientated and supports the store, as well as clientele passing through to cottages and travelling motorists on busy main highway have helped maintain this reputable business for over 50 years!
The store sells tobacco, lottery scratch tickets (currently on list for lotto machine), ATM Machine, dairy, frozen meat from local butcher, bread, contracts with Pepsi & Coke, ice, confectionary items, depot for dry cleaning and Mr. Ink Bee (ink printer cartridges refills) and soon propane tanks for BBQing. Also, fresh morning coffee that attracts local residents and farmers on a daily basis. (Front porch and sitting area at the back of the store is used to seat these customers)
This store has endless possibilities due its location, size of building and parking lot.
The brand new residence above the store was built onto the building in 2010. It features: 3 bedrooms, laundry, and 1 bath. Open concept kitchen and living room and large 26' x 12' deck.
Current asking price is $260,000.00 but willing to negotiate, as we are very motivated to sell.
We have owned the store for 4 years and needing to sell due to our growing family and our other business taking all our extra time. This store is currently staffed with full time and part time employees due to my husband and me not having the time to work in the store. We currently just manage it.
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