8 QUEENSWAY N/A E 3, Norfolk, ON N3Y 4M3

Norfolk N3Y 4M3 Ontario

MLS: X12277011

$184,999

Added 59 days ago | For Sale

Listed by: GATE GOLD REALTY

About Property

Excellent convenience store opportunity in Simcoe, Ontario. Located in the high-traffic Governor Simcoe Plaza and surrounded by residential neighborhoods and schools, this established store benefits from consistent walk-in traffic and loyal clientele. The business generates over $252,000 (approx.) in annual sales plus $47,700 (approx.) per year in additional commission income from Lotto, RIA, ATM, Uhaul, Bitcoin, and more. Monthly net profit is $7,000 (approx.) after all expenses, including rent and utilities. Rent is $2,759/month, inclusive of TMI, water, and gas. The lease is long-term 4.5+5 years with renewal options in place. Annual expenses are under $41,000 (approx.), providing healthy margins. Business is in operation since the last 14-15 years with the existing owner from the last 2-3 years. Potential to expand with Uber Eats, courier services or other add-ons. Inventory and office setup are not included in the sale price. Please do not go direct and do not speak to employees.

Features

  • House Style:Sale Of Business
  • Bathrooms:
  • Land Size:
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:
  • Cross Street:Queensway and Norfolk
  • Basement: ,
  • Possession Date:60/90 Days
  • Annual Property taxes:
  • Bedrooms:
  • Total Parking Spaces:
  • Parking Places:
  • Heating Type:None
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12277011

About Agent
Tajinder Sarao
REALTOR®
(647) 206-7222 [email protected]
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