$119,900
FOR SALE

Business for Sale

Convenience/Variety

Lot: 25 x 44 ftTotal Area: 1,100 ft2
2024 Taxes: $14.4

361 King St E #10
Clarington, ON L1B 1B4 | Newcastle | Durham

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
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Listed By RE/MAX IMPACT REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number E9294447
Last Updated Sep 30, 2024
Property Summary
Property Type Business For Sale

More like this:
Use Convenience/Variety
Franchise Non-Franchise
Business/Building Name One Stop Convenience Newcastle
Category Without Property
Occupancy Tenant
Possession Date ASAP
Taxes (2024) $14.4
Tax Type T.M.I.
Directions/Cross Streets King/Massey Drive
Neighbourhood Newcastle
Area Durham
Price History

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Detailed Information
Bathrooms 1
Lot 25 x 44 ft
Retail Area 1,100 ft2
Total Area 1,100 ft2
Approximate Age 16-30
Air Conditioning Y
Basement N
Chattels Y
Garage Type Outside/Surface
Amps 100
Volts 110
Days Open 7
Hours Open 9 to 9
LLBO N
Heat Type Gas Forced Air Closd
Financial Statement Y
Area Influences Major Highway
Sprinklers Y
Utilities Y
Water Municipal
UFFI No
Clear Height 14 feet
Truck Level Shipping Doors 1
Truck Level Shipping Doors Height 6 feet
Lot/Bldg/Unit Code Unit
Zoning C4-21
Seller Property Info Statement N

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