This is excellent opportunity to own this very successful liquor store with high sales volume of with current owner. Prime SW location, very busy Shopping Centre and wide range of residential communities surrounding with established and loyalty customers for many years. Hugh selection of beer, wine, and alcohol - spirits, very functional set up of cooler system. After 31 years successfully running this well-established liquor store at the same location, the seller decided to retire. Lease premises: 1,837 sq.ft. Current Rent and Additional Rent = $10,668.72/month.Basic Net Rent: $6,888.75 ($45/sq.ft) from December 1, 2023 to November 30, 2025. $7,041,83 ($46/sq.ft) from December 1, 2025 to November 30, 2028.Lease with option to renew for further 5 years term.Financial statements will be provided to qualitied prospective buyer after viewing, who is interested and willing to proceed further with an offer.Annual Gross sale: Year 2020: $1,740,320, Year 2021: $1,555,189, Year 2022: $1,430,999, Year 2023: $1,355,155. INVENTORY IS NOT INCLUDED IN BUSINESS PURCHASE PRICE (current inventory is approx. $400,000.00).For showing and address to be provided only after signing confidential agreement. (id:47421)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Lease Time
Yearly
Lease Type
Net Escalating
Listing Contract Date
2025-02-16
Municipal ID
T739993845
Ownership Type
Leasehold
Plan
8311347
Property Type
Business
Transaction Type
For sale or rent
Zoning Description
M-H1d320h21
Business
Business Type
Retail and Wholesale
Business Subtype
Liquor Store
Building
Constructed Date
1987
Construction Material
Wood frame, Steel frame
Exterior Finish
Stucco
Size (Exterior)
1837 square feet
Total Finished Area
1837 sqft
Land
Total Size
Unknown
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