Supermarket Surrounded By Apartment Buildings For Sale

Overview

  • Business services, Services
  • Property Type

Description


North York,
Ontario, Canada

Asking Price:


$729,000

(CAD)

Sales Revenue:

$3,120,000
(CAD)

Cash Flow:

$250K – $500K
(CAD)

Supermarket at great location in North York, surrounded by apartment buildings. Winter $50k weekly sales, Summer $70k weekly. Meat 40% profit margin, vegetables 25% margin, Grocery 50% margin. Rent $20k rent with HST, TIM and utilities all included (the owner can get the hst back). 5+5 years lease. Three full time employees and six part time employees. The owner spent 400k in past three years for renovation. A new kitchen was built last year to do take out.

The store occupies three units. At the back, there are 10 parking spaces. The customer can access the store through the rear door.

Property Information

Real Estate:

Lease



Source link

Address

  • City Ottawa
  • Country Canada

Details

Updated on January 23, 2023 at 10:58 pm
  • Property Type: Business services, Services
  • Property Status: For Sale

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