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$209,000
Available - For Sale
Listing ID: X13060050
Excellent opportunity to acquire a well-established Essentialy Convenience Store located at the high-visibility intersection of King Street & Queen Street in downtown Kitchener. This store is located next to Tim Hortons, offering AAA+ location with exceptional exposure, very high visibility, and benefiting from a very, very busy street with continuous pedestrian and vehicular traffic.The area experiences significant footfall year-round, with numerous events taking place during summer and fall seasons, further driving customer traffic and sales potential. The business enjoys a strong community presence along with a loyal base of repeat customers.The store operates as a true one-stop shop, offering a wide range of products including beer, wine, cigarettes, lotto, vape products, and weed accessories. The business holds a valid vape license, with vape recently added as an additional revenue stream, enhancing growth opportunities.Recent upgrades include new flooring and fresh paint, providing a clean and modern retail environment. Additional income streams include ATM revenue plus Bitcoin revenue of approximately $300/month combined.The store also benefits from premium supplier accounts with major brands such as Pepsi, Red Bull, and tobacco vendors, ensuring strong product availability and margins. Revenue streams include beer sales, cigarette sales, convenience retail, and strong lotto commissions (approximately $12,948 lotto).Low rent of only $2,486/month including TMI and HST makes this a highly attractive and sustainable operation. Main Street grant and Façade grant also available.
Price $209,000
Taxes: $285.3
Tax Type: TMI
Occupancy by: Owner
Address: 8 King Street East , Kitchener, N2G 2K6, Waterloo
Postal Code: N2G 2K6
Province/State: Waterloo
Directions/Cross Streets: King St East & Queen St N
No. of Pieces Level
Washroom 1 0
Washroom 2 0
Washroom 3 0
Washroom 4 0
Washroom 5 0
Washroom 6 0
Washroom 7 0
Washroom 8 0
Washroom 9 0
Washroom 10 0
Washroom 11 0
Washroom 12 0
Washroom 13 0
Washroom 14 0
Washroom 15 0
Washroom 16 0
Washroom 17 0
Washroom 18 0
Washroom 19 0
Washroom 20 0
Washroom 21 0
Washroom 22 0
Washroom 23 0
Washroom 24 0
Washroom 25 0
Category: Without Property
Use: Convenience/Variety
Building Percentage: F
Total Area: 1,215
Total Area Code:  Square Feet
Retail Area Code: Sq Ft
Area Influences: Major Highway   Recreation/Comm
Financial Statement: T
Chattels: T
Franchise: F
Days Open: O
Hours Open: 82
Employees #: 1
Seats: 0
Maintenance: 0
Sprinklers: No
Rail: N
Heat Type: Gas Forced Air Close
Central Air Conditioning: Partial
Sewers: Sanitary Availa
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CENTURY 21 SKYLARK REAL ESTATE LTD.

8 King Street East , Kitchener, N2G 2K6, Waterloo

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Maria Tompson
Sales Representative
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416-548-7854
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Type: Com - Sale Of Business
Area: Waterloo
Municipality: Kitchener
Neighbourhood: Dufferin Grove
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Tax: $285.3
Maintenance Fee: $0
Beds: 0
Baths: 1
Garage: 0
Fireplace: N
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Personal Pic Maria Tompson Sales Representative Re/Max Example Inc, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
Personal Picture
Maria Tompson
Sales Representative
Re/Max Example Inc, Brokerage
Independently owned and operated.
support@bestforagents.com

 

 

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