Toronto W02 M6H 1M6
Canada

Property

Ownership: For Sale
Type: Unknown
Pets: Pets No

Financials

Price:C389,000
($279,259)
(€240,268)
505 Park Ave, New York, NY 10022

Great opportunity to own a well established and profitable convenience store !

Description

Great opportunity to own a well-established and profitable convenience store! Same owner for 20 years, now retiring. Located on a high-traffic corner along the Bloor subway line, only 2 minutes from the subway station. Annual sales approx. $800K, with cigarettes account for 45% with the programs which bring the high margin (16%) + high rebates. Grocery accounts for 55%, (margin 40-45%). Stable and strong additional income from ATM, Bitcoin machine, outdoor advertising, and rebates from cigarettes & chocolate programs. OLG commission approx. $60,000/year. Over the past 20 years, this store has sold 10+ major winning lottery tickets, including an incredible case where one customer won two Lotto 6/49 jackpots - $14 million and $114,000. It's truly a "Lucky Store" in the community!!! Long lease 5+5 years, with straight rent of $6,500/month (including TMI, water, and gas). Business hours: 7:30am-9:30pm.Significant growth potential - 1)extend business hours, 2)add VAPE products 3)add flowers, 4)continue to expand the newly added liquor sales (introduced in summer 2025, already increasing profits). 5)Surrounded by new high-rise developments bringing more future customers. This is a turn-key investment with a strong reputation, loyal clientele, and excellent cash flow - rare opportunity in a prime Bloor location!!

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.