Location!!! Location!!! Location!!! Great Opportunity To Own This Amazing INS Market Franchise Business at Spadina Ave & Richmond St. W. In the Heart Of Downtown Toronto! Busy Chinatown Intersection With Very High Foot Traffic, TTC At The Doorstep, And New Subway Station Being Built Right Across! Surrounded By High Profiles Restaurants, Hotels And Office Buildings. Loyal Customers For Years. Making Money! Low Monthly Rent of Roughly $6000 Including TMI and Utilities. Monthly Sales Of About 66k to 70k Including Lotto (per seller). Weekly average sales of 17k and Daily Average Sales $2500 to $3000 Including Lotto (per seller). Lotto Commission Between $2500 - $4000/ month Pays More Than Half of The Rent!!!. Inventory Top Up / Replenishment of About $1500 Bi-Weekly. Lease Has More Than 3 Years Left Until May 22, 2028 Renewable for Another 5 Years And So On (New Owner To Discuss Lease Extension Options With Landlord). Large Area of 711 sq. Comes With Employees Washroom And Extra Storage For Cigarettes And Others. Opportunity To Make Even More Money By Adding Alcohol Sale! Don't Miss This Fantastic, Once In A Lifetime Opportunity To Be Your Own Boss At An Amazing Location Which Matters A Lot!!! (id:47423)
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Detailed Information
Listing Contract Date
2025-02-07
Location Description
Spadina Ave/Richmond St. W
# of Parking Spaces
1
Property Type
Business
Transaction Type
For sale
Zoning Description
Commercial
Business
Business Type
Retail and Wholesale
Business Subtype
Convenience store
Name
THE MORGAN
Building
Cooling Type
Fully air conditioned
Heating Fuel
Electric
Heating Type
Forced air
Size (Exterior)
711 square feet
Utility Water
Municipal water
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