This convenience store is located in a densely populated area of York. It is a mere 5-minute walk from a new subway station currently under construction. The store spans 1,000 square feet and generates approximately $6,000 in weekly sales. Cigarette sales account for roughly 70% of revenue, while groceries contribute approximately 30%. Annual lottery commission stands at $31,069. The monthly rent is $3,390, inclusive of TMI and HST. A new lease is available. The store's current operating hours are Monday to Saturday from 9 AM to 8 PM and Sunday from 9 AM to 6 PM (relatively short hours of operation). The current owner has operated the store for 15 years and is looking to retire. A new owner could expand the business by increasing operating hours and introducing new products and services, such as applying for a liquor license to sell alcohol or adding electronic cigarettes. There is significant potential for sales growth. **** EXTRAS **** All Existing Chattels. All Business Numbers Are As Per Seller, Listing Broker Has As Not Verified Accuracy, Buyers Are Welcome To Perform Due Diligence. (id:47421)
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Detailed Information
Bathrooms
1
Lot
17.08 x 72 ft
Listing Contract Date
2024-09-23
Location Description
Eglinton Ave W & Caledonia Rd
Property Type
Business
Transaction Type
For sale
Zoning Description
CR2.5 Commercial Residential
Business
Business Type
Retail and Wholesale
Business Subtype
Convenience store
Name
Caledonia Smoke Shop
Building
Cooling Type
Fully air conditioned
Heating Fuel
Natural gas
Heating Type
Other
Utility Water
Municipal water
Land
Total Size
17.16 x 72 FT
Sewer
Sanitary sewer
Size of Irregular Land
17.16 x 72 FT
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