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$119,900

10 - 361 KING STREET E
Clarington (Newcastle), Ontario L1B1B4

ID# E9294447
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. **** 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:58777)
Courtesy of RE/MAX IMPACT REALTY

Listed on: September 01, 2024

On market: 19 days
Bathroom Total 1
Cooling Type Fully air conditioned
Heating Type Forced air
Heating Fuel Natural gas

Head Office

Royal LePage ProAlliance Realty, Brokerage

357 Front Street Empire Square

Belleville, OntarioK8N 2Z9


Bus: (613) 966-6060

Fax: (613) 966-2904

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