Over 30 years well-established convenience store for sale! Located in a high-traffic corner on Ritson Rd S and Olive Ave with strong local demand, this business presents a fantastic opportunity for both new and experienced entrepreneurs. The store serves a prime customer base and offers products such as cigarettes, snacks, cold drinks, chocolates, candies, groceries, and lottery tickets. With strong income potential and a straightforward operation, the business is ideal for families, business owners, new immigrants, and investors. The very attractive low rent of $4,000+hst monthly, (plus 40% maintenance) comes with a long lease. Lotto commission and ATM income, the margin on grocery items is high. The business already has a liquor license for beer and premixed drinks and has recently begun selling liquor. Sales over $43k/month except lotto sales. The landlord will allow the establishment of a vape store. Please be advised that there is currently a school in front of the property which is going to be torn down in the future, in replacement of it many residential units are going to be built 1000 residential units which will serve as a good customer base. (id:47421)
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Detailed Information
Lot
32 x 110.42 ft
Listing Contract Date
2025-03-19
Location Description
RITSON / OLIVE
Property Type
Business
Transaction Type
For sale
Zoning Description
COMMERCIAL
Business
Business Type
Retail and Wholesale
Business Subtype
Convenience store
Building
Cooling Type
Fully air conditioned
Heating Fuel
Natural gas
Heating Type
Forced air
Utility Water
Municipal water
Land
Total Size
32 x 110.44 FT
Size of Irregular Land
32 x 110.44 FT
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