2480 Gerrard Street E, Toronto E06, ON M1N 4C3

Toronto E06 M1N 4C3 Ontario

MLS: E12421747

$200,000

Added 2 hours ago | For Sale

Listed by: HOMEART REALTY SERVICES INC.

About Property

Business for Sale! Recently licensed to sell liquor with steadily increasing sales. This well-maintained and spotless store is located in a busy Plaza with McDonald, Tim Hortons and freshCo, featuring an extra-large retail space that offers flexibility to add additional businesses or services perfect for entrepreneurial growth. Current average weekly sales are approximately $13,000 (with about 40% from cigarettes), plus lottery commissions of $6,000/month And another $1,000 from ATM, Bitcoin, Cig. rebate and Cig. cartoon sale), Operating costs are low, averaging $1,000/month for utilities and other expenses. A brand-new 5+5 year lease is in place at $5.797.73/month net-net rent. The business currently operates limited hours (7 AM-10 PM), leaving room to extend hours and increase revenue. This is an excellent family-run opportunity, offering growth potential and a solid foundation. Current owner run this business for 28 Years and he only worked from 7Am-2:30Pm Monday to Friday.

Features

  • House Style:Sale Of Business
  • Bathrooms:
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  • Water:Municipal
  • Garage Spaces: /Plaza
  • Driveway:
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  • Cross Street:Victoria Park / Gerrard E
  • Basement: ,
  • Possession Date:
  • Annual Property taxes:
  • Bedrooms:
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  • Heating Type:Gas Forced Air Closed
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:E12421747

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