3 - 8 Queensway E Norfolk, Ontario N3Y 4M3

$184,999

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. (id:60365)

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https://www.realtor.ca/real-estate/28589079/3-8-queensway-e-norfolk-simcoe-simcoe