391, Lumsden, Crescent Town, Toronto, Commercial
- 2300 SQFT
Description
Commercial Sale Of Business For Sale.
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 $23,000, 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.
Cross Street: Lumsden/Barrington Ave
Key Facts
- Days on: 0 days
- Mls Status: New
- Lot Type: Building
- Lot Width: 45.58
- Garage Type: Outside/Surface
- Heat Type: Gas Forced Air Closed
- Cooling: Yes
- Retail Area: 2300 Sq Ft
Location 391, Lumsden, Crescent Town, Toronto
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