Convenience Store located in a busy commercial plaza with Tim Hortons as one of the main tenants. The business has been in the family for over 10 years. It was previously ran by the current owners father. The vendor is prepared to spent a time training the new owner. The vendor will allow any prospective purchaser spend a few days working in the business to assess the daily traffic and business being done. It is unit 10 in the plaza and is 1100 square feet. The Net Rent is $23.00 per square foot = $2384.00 the current TMI is $17.5 per square foot =$1604.23. Net plus TMI = $3988.23 plus HST $518.47 = $4506.70 total rent per month. The current leas expires April 30th 2025. The landlord is open to negotiate a 5 year lease for the new buyer. Gross average sales of Cigarettes is $50K per month and for all other items the average monthly Gross is $25K. Current hours are 9am to 9pm Sunday to Thursday and 9am to 10 pm Friday and Saturday. Hours could be increased to 24 hours. Enbridge Gas is $8500 to $9500 per year. **** EXTRAS **** ATM is owned all display cases owned by the suppliers and are on loan to sell the product ( Coke, Pepsi, Red Bull, Ice Cooler (id:47421)
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Detailed Information
Bathrooms
1
Lot
25 x 44 ft
Amenities Nearby
Highway
Listing Contract Date
2024-09-01
Location Description
King/Massey Drive
Property Type
Business
Transaction Type
For sale
Zoning Description
C4-21
Business
Business Type
Retail and Wholesale
Business Subtype
Convenience store
Name
One Stop Convenience Newcastle
Building
Appliances
Freezer
Cooling Type
Fully air conditioned
Heating Fuel
Natural gas
Heating Type
Forced air
Utility Water
Municipal water
Land
Total Size
Unit=25 x 44 FT
Amenities
Highway
Size of Irregular Land
Unit=25 x 44 FT
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