Market Franchise in Toronto - $150,000

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!!! (39856577)

Location Description

Spadina Ave/Richmond St. W

Property Summary

Property Type

Business

Community Name

Waterfront Communities C1

Annual Property Taxes

$0

Total Parking Spaces

1

Time on REALTOR.ca

4 days

Building

Heating & Cooling

Cooling

Fully air conditioned

Heating Type

Forced air (Electric)

Utilities

Water

Municipal water

Business

Business Name

THE MORGAN

Business Type

Retail and Wholesale (Convenience store)

Parking

Total Parking Spaces

1

Measurements

Square Footage

711 sqft

Exterior Building Size

711 sqft

Land

Other Property Information

Zoning Description

Commercial