Successful Full-Service General Store with Gas Bar for Sale in Southern Ontario

Business Description

Profitable Full-Service General store for sale in Southern Ontario. Convenience store with LCBO and Lottery for sale in Ontario Canada. Helping customers for close to three decades, this general store for sale serves freshly made sandwiches, pastries and is licensed to sell alcohol, lottery, and fuel. Cottagers, travelers, and residents enjoy the wide selection of goods and with increasing gas cost, these customers are more inclined to shop local. The municipality has approved the development of affordable housing units just a few steps from the store with occupancy possible in Spring 2022. With rapidly growing revenue and increased sales due to the nearby housing developments, this is a great opportunity for a buyer wishing to operate the business or as an investment. The asking price includes the building and land appraised at $1M. All the fixtures and equipment in the store including fridges, shelving, and counters are in good working condition.

Details

Business ID: OTTA0091
Business Category: General Merchandise Stores
Location: Ontario, Southern Ontario
Financing: Available
Status: Available

Financial Information

Asking Price: $ 2,100,000
Gross Revenue: $ 3,400,000
SDE: $ 270,000
FF&E (included): $ 189,000
Inventory: $ 139,000
EBITDA: $ 205,000
Down payment: $ 600,000
Occupancy Cost: On request

Business Presented By
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