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Busy & Profitable Convenience / Gift Store for Sale

(ID# 915)
Location: Ontario > Sturgeon Falls > West Nipissing
Category: Retail Businesses for sale
Subcategories: Convenience Stores for sale - Gift Shops for sale -

Financials

Asking Price: Undisclosed
Sales Revenue: $665,000
Net Profit: Undisclosed
Furniture, Fixtures
& Equipment:
$20,000 (included in asking price)
Stock: $100,000 (included in asking price)

Business Summary

Very busy variety / gift store located in main high traffic area in Sturgeon Falls. Food, Gifts, Lottery, Cards, Magazines, Ice Cream, Fireworks, Cigarettes, Vacuum supplies. Very successful birthday cake sales - decorated on premises. Owner willing to train. Extremely loyal clientele. Asking price of $50,000 plus inventory (or best offer). Inventory fluctuates around $100,000 - $115,000. Owners are retiring, but are willing to stay on as needed to help new owners with training and orientation. ATM on premises also generates income

General Information

Employees: 3 full time plus 2 owners
Year Established: 1980s
Trading Hours: 7:00am to 10:00 pm 7 days per week

Property/Location

Real Estate: Lease
Accommodation: Building owner has apts on 2nd floor
Location: High traffic
Lease Terms: renews Nov 30/10, term negotiable

Other Information

Training Support: training provided as requested by buyer
Market Outlook: very loyal clientele
Reason Selling: owners retiring

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