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$349,000
Available - For Sale
Listing ID: E13174666
Exceptional Opportunity to Own a One-of-a-Kind Grocery/Supermarket Business in Toronto! This unique supermarket-style grocery store has been successfully operated by the same owner for over 20 years and is now offered for sale due to retirement. Located in a densely populated area surrounded by numerous high-rise residential buildings, this is the only store in the neighborhood with virtually no direct competition.The business operates from a spacious 2,300 sq.ft with same size full basement, premises with plenty of exclusive parking spaces, providing excellent convenience for customers. Weekly sales are approximately $25,000, with cigarette sales accounting for less than 30% of total revenue, creating a strong and diversified income structure.Additional high-margin income streams include over $2,000/month from ATM and POS machine commissions, approximately $3,000/month in lottery commissions, plus extra revenue from parking rental and advertising income.Current rent is very reasonable at $5,600/month plus property tax of $1,500/month, with a secure lease in place until March 2030.This business still offers tremendous growth potential for a new owner, including opportunities to add Vape products and other profitable services to further increase revenue. A rare chance to acquire a stable, long-established, and highly profitable grocery business in a prime Toronto location with strong customer loyalty and excellent future upside.
Price $349,000
Taxes: $17,930
Tax Type: Annual
Assessment Year: 2025
Occupancy by: Tenant
Address: 391 Lumsden Avenue , Toronto, M4C 2L6, Toronto
Postal Code: M4C 2L6
Province/State: Toronto
Directions/Cross Streets: Lumsden/Barrington Ave
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Without Property
Use: Grocery/Supermarket
Total Area: 0
Retail Area Code: Sq Ft
Financial Statement: F
Chattels: F
Franchise: F
Hours Open: 8am-10p
Employees #: 1
Seats: 0
Maintenance: 0
Heat Type: Gas Forced Air Close
Central Air Conditioning: Yes
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HOMELIFE LANDMARK REALTY INC.

391 Lumsden Avenue , Toronto, M4C 2L6, Toronto

Personal Picture
Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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Type: Com - Sale Of Business
Area: Toronto
Municipality: Toronto E03
Neighbourhood: Crescent Town
Style:
Lot Size: x 134.00(Feet)
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Tax: $17,930
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Personal Pic Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
Personal Picture
Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com

 

 

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