Price: $429,000

262 Dundas Street, London East, ON N6A 1H3

Excellent Opportunity To Purchase A Convenience Store Building In A Prime And Busy Downtown Core. Located Directly Across From The Central Public Library, Surrounded By Numerous Office Buildings And Banks.Currently Operated With Short Business Hours: Monday To Friday: 7:30AM - 6:00PM, Saturday To Sunday: 8:30AM -5:00PM.Average Weekly Sales Are Approximately $7,000. Lotto Commission Averages About $2,000 Per Month. Magazines Account For 50% Of Total Sales With A Profit Margin Of 20%.There Is Significant Potential To Increase Revenue Through Extended Hours, Expanded Product Selection, And The Addition Of Beer And Wine Sales.The Current Owner Has Successfully Operated This Business For 24 Years And Is Now Planning To Retire.Don't Miss This Great Opportunity!


Property Overview

Property type

Commercial - Sale Of Business

Building Area

1561 Square Feet

List Price

$429,000

Gross Income

N/A

Annual Taxes

$6,134

Tax year

2024

Business Type

Convenience/Variety

Years in Business

N/A

Location

London East, ON

Status

Active

Franchise

No

Last Updated

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Financial Information

Gross Revenue

Annual revenue

Seller's Discretionary Earnings

Normalized earnings

EBITDA

Operating profit

Financial Verification

All financial information is subject to verification during due diligence. Contact the seller for detailed financial statements and documentation.

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