Price: $180,000

333 Ritson Road, Oshawa, ON L1H 5J3

Over 30 years well-established convenience store for sale! Located in a high-traffic corner on Ritson Rd S and Olive Ave with strong local demand, this business presents a fantastic opportunity for both new and experienced entrepreneurs. The store serves a prime customer base and offers products such as cigarettes, snacks, cold drinks, chocolates, candies, groceries, and lottery tickets. With strong income potential and a straightforward operation, the business is ideal for families, business owners, new immigrants, and investors. The very attractive low rent of $4,000+hst monthly, (plus 40% maintenance) comes with a long lease. Lotto commission and ATM income, the margin on grocery items is high. The business already has a liquor license for beer and premixed drinks and has recently begun selling liquor. Sales over $43k/month except lotto sales. The landlord will allow the establishment of a vape store. Please be advised that there is currently a school in front of the property which is going to be torn down in the future, in replacement of it many residential units are going to be built 1000 residential units which will serve as a good customer base.


Property Overview

Property type

Commercial - Sale Of Business

Building Area

1200 Square Feet

List Price

$180,000

Gross Income

N/A

Annual Taxes

$0

Tax year

2024

Business Type

Convenience/Variety

Years in Business

N/A

Location

Oshawa, 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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