Added 1 month ago
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Type: Sale Of Business
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Property Type: Commercial
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Business Type: Convenience/Variety
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Zoning: Commercial
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Age: No Data
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MLS®#: C11902543
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Days on Site: 32 Days
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Added: Dec 27, 2024 (1 month ago)
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Updated:
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Last Checked: 5 hours ago
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Listed By: EXP REALTY
Location!!! Location!!! Location!!! INS Market Franchise Business For Sale at Spadina Ave & Richmond St. W. Busy Intersection in The Heart of Downtown Toronto's China Town With A very High Foot Traffic, The Store Faces Directly The Street. Public Transit (TTC) Streetcars At The Door With A Brand New Subway Station Being Built Right Next To It, Which Will Drive Even More Traffic To The Store. Surrounded By High Profiles Restaurants, Hotels, Office Buildings, Luxury Condos Etc. Loyal Customers For Years. Making Money! Low Monthly Rent of Roughly $5500 Including HST. Monthly Sales Of About 65k 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 $3000 - $4000/ month Pays Half of The Monthly Rent!!!. Inventory Top Up / Replenishment of About $1500 Bi-Weekly. Lease has 3+ More Years Left Until May 21st , 2028 With An Option For 5 Years Extension. Large Area of 711sq. Comes With Employees Washroom And Extra Storage Area In The Store Where Extra Inventory, Supplies, And Non-Display Items Are Kept. Its Typically Used For Stock Management, Organization, And Replenishing Shelves.. 1 Parking Spot Is Available In The Back Of The Store. Opportunity To Make Even More Money By Adding Alcohol Sale (Highly Demanded By Clients), Western Union Money Transfer, Uber Eats And DoorDash Orders, All Built-in Into The POS System And Ready To Be Activated By The New Owner! Bitcoin and ATM Machine At The Store Bring More Income and Traffic To The Store. With One Employee Capable Of Running The Store, This Is An Ideal Opportunity For A Residual Income While Keeping Your Regular Work And Activities! Don't Miss This Opportunity To Be Your Own Boss!!!
Extras
All Chattels Included Except ATM & Bitcoin Machines (Which Belong To Their Respective Suppliers Who Pay Respectively Commission & Monthly Rent to The Store). Inventory Is Separate And Valued Approximately Between 40K And 50K.
Property
Status: Sale
Type: Convenience/Variety
Property Type: Sale Of Business
Property Type: Without Property
Area: Toronto
Community: Waterfront Communities C01
Availability Date: IMMEDIATE
Assessment Year: 2024
Inside
Air Conditioning: Y
Building
Basement: N
Heat Type: Elec Forced Air
Water Supply: Municipal
Parking
Garage Type: Reserved/Assignd
Covered Parking Spaces: 1
Fees
Tax Year: 2024
Taxes Type: Annual
Land
Cross Street: Spadina Ave/Richmond
Municipality District: Toronto C01
Zoning: Commercial
Commercial Specific
Number of Employees: 1
Retail Area: 711
Retail Area Metric: Sq Ft
Total Area: 711
Total Area Metric: Sq Ft
Hours Open: 8AM - 1
Office Size Metric: Sq Ft
Days Open: 7
Franchise: Y
Tangible Property Included: Y
Lot Code: Building
Seats: 1
Financial Statement: Y
LLBO: N
Downtown Vocal Music Academy of Toronto
Elementary: PublicALPHA Alternative Junior School
Elementary: PublicBeverley School
Elementary: PublicOgden Junior Public School
Elementary: PublicSt Mary Catholic School
Elementary: CatholicRyerson Community School Junior Senior
Elementary: PublicOasis Alternative
Secondary: PublicCity School
Secondary: PublicSubway Academy II
Secondary: PublicHeydon Park Secondary School
Secondary: PublicContact Alternative School
Secondary: PublicSt Joseph's College School
Secondary: Catholic
- 0 bath
- 0 bed
150 King Street West, Toronto, Ontario • M5H 1J9 • Waterfront Communities C01
