$119,900 FOR SALE

Business for Sale

Convenience Store

Lot: 25 x 44 ft

361 King Street E #10
Clarington (Newcastle), ON L1B 1B4

Convenience Store located in a busy commercial plaza with Tim Hortons as one of the main tenants. The business has been in the family for over 10 years. It was previously ran by the current owners father. The vendor is prepared to spent a time training the new owner. The vendor will allow any prospective purchaser spend a few days working in the business to assess the daily traffic and business being done. It is unit 10 in the plaza and is 1100 square feet. The Net Rent is $23.00 per square foot = $2384.00 the current TMI is $17.5 per square foot =$1604.23. Net plus TMI = $3988.23 plus HST $518.47 = $4506.70 total rent per month. The current leas expires April 30th 2025. The landlord is open to negotiate a 5 year lease for the new buyer. Gross average sales of Cigarettes is $50K per month and for all other items the average monthly Gross is $25K. Current hours are 9am to 9pm Sunday to Thursday and 9am to 10 pm Friday and Saturday. Hours could be increased to 24 hours. Enbridge Gas is $8500 to $9500 per year. **** EXTRAS **** ATM is owned all display cases owned by the suppliers and are on loan to sell the product ( Coke, Pepsi, Red Bull, Ice Cooler (id:47423)

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Listed By RE/MAX IMPACT REALTY
Data Provided By Central Lakes Association of REALTORS®
MLS® Listing Number E9294447
Last Updated Sep 18, 2024
Property Summary
Property Type Business For Sale

More like this:
Use Convenience Store
Franchise Non-Franchise
Community Newcastle
Price History
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Detailed Information
Bathrooms 1
Lot 25 x 44 ft
Amenities Nearby Highway
Listing Contract Date 2024-09-01
Location Description King/Massey Drive
Property Type Business
Transaction Type For sale
Zoning Description C4-21
Business
Business Type Retail and Wholesale
Business Subtype Convenience store
Name One Stop Convenience Newcastle
Building
Appliances Freezer
Cooling Type Fully air conditioned
Heating Fuel Natural gas
Heating Type Forced air
Utility Water Municipal water
Land
Total Size Unit=25 x 44 FT
Amenities Highway
Size of Irregular Land Unit=25 x 44 FT

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