Price: $99,900

396 Richmond Street, London East, ON N6A 3C7

Opportunity knocks! Richmond Magazine and Variety has been a well known local business since 1997, and the current owners are ready to retire. This is your chance to take over a well-established operation with low initial investment. Located at the busy corner of Richmond Street and Dundas Street, the store boasts high visibility and steady foot traffic. Surrounded by high-rise buildings, new developments, Fanshawe College's downtown campus, the Central Library, Covent Garden Market, Budweiser Gardens, and more it's right in the heart of London's thriving core. The area hosts numerous downtown festivals and events year-round, ensuring consistent customer flow and strong community engagement. Easy to convert to a small grocery store or other suitable business if desired. Reach out for more details and a tour!


Property Overview

Property type

Commercial - Sale Of Business

Building Area

1313.2 Square Feet

List Price

$99,900

Gross Income

N/A

Annual Taxes

$0

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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