40 years old C- Store for sale for only 500k
Hamilton, ON
| Asking Price: | $489,000 |
| Gross Revenue: | $2,700,000 |
| Rent: | $7,000/Month |
| Established Year: | 1984 |
| Cash Flow: | $179,000 |
| Inventory: | $125,000 |
| FF&E: | $75,000 |
Listing ID: 2280131Listing provided by BizBuySell
BUSINESS DESCRIPTION
This 2,380 sq. ft. business operates 24 hours a day with a favorable lease of only $7,000 per month, including everything, and 4+5 years remaining. Utilities run between $1,200 and $1,500 monthly. While the property is only for lease, the recently approved beer license is set to increase annual sales by $200k to $240k with a 20% markup and no additional expenses. The business already features a Bitcoin ATM, an automated OLG machine, and thrives on word-of-mouth marketing. The store boasts an inventory valued between $120k and $150k, depending on the time of the month. This is an excellent opportunity to convert into a fully turnkey operation. Act fast and capitalize on this growing venture!
DETAILED INFORMATION
Location
Hamilton, ON
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,380
Lease Expiration
01/05/2028
Employees
5
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Competition
Cigarette Sales - 1.1 Million @ 10%
Lottery Sales- 1.3 million @ 6%
Store Sales- 300k @ 37%
Beer Store- 200k @ 20% (anticipated)
ATM Commission- 6k net a year
Bitcoin Commission-4.2k a year
Growth & Expansion
Beer store opening and which will give 20% margins on a average sale of 15k to 20k without any increase on rent, employee or electricity expenses.
According to the seller you can close the third shift and save on salary and electric bills
Bring new clothing, food items to increase sales
Financing
its on case by case
Support & Training
3 weeks free training and two weeks paid training
Reason for Selling
Other interest
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