List Price: $129,000

472 Queen Street, St. Marys, N4X 1B2

- By KW Living Realty
Sale Of Business|MLS - #X12281779|New
Bed
Bath
2400 Sqft.
Outside/Surface Garage

Client Remarks

Turnkey & Profitable Convenience Store Prime Corner Location in Belmont. Just 20 minutes North of London, this thriving convenience store presents an exceptional opportunity for entrepreneurs or investors seeking a well-established, high-performing business. Strategically located at a prominent main road of St Marys, the store has been operating successfully for over 11 years, generating consistent weekly sales of over $11,500 (excluding lottery) with a low cigarette sales ratio of only 50% with 13% profit. And, selling high-margin Smoking Accessories and Groceries. The store offers steady additional income from a $1,500/month lottery commission and $100/month ATM revenue. The lease is highly favorable at just $3,100/month (TMI & HST included), with 4.5 years remaining lease with 5-year renewal option. The business is ideally positioned for expansion and has a generous 2,400 sq. ft. retail space. There's significant upside potential for a new owner to introduce complementary revenue streams such as a vape shop, slush machines, and Scoop Ice cream. The store also drawing regular customers and seasonal foot traffic. This is a retirement sale, offering a rare chance to take over a profitable and turnkey business in a growing community. Don't miss out on this exceptional investment opportunity. All buyers and their agents are encouraged to conduct the buyer's own due diligence.
Property Description

472 Queen Street, St. Marys, N4X 1B2

Property type

Sale Of Business

Lot size

N/A acres

Style

Approx. Area

2400 Sqft

Home Overview

Last check for updates

Virtual tour

N/A

Basement information

Building size

2400

Status

In-Active

Property sub type

Maintenance fee

$N/A

Year built

--

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472 Queen Street, St. Marys, N4X 1B2
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Sales Representative

Shally Shi

Sales Representative, Dolphin Realty Inc

English, Mandarin
Commercial PropertiesProperty Management

Mortgage Information

Estimated Payment

$0 Principal and Interest

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