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Listing ID: 2504854

Retail, Wholesale, Convenience Store In Beautiful N.W.Ontairo For Sale

1198 howey st, red lake ontario p0v2m0, Ontario, Canada

CA$ 1m to 5m

(Furniture / Fixtures included)
(Real Estate Included)

Revenue: not disclosed

Cash Flow: not disclosed

Business Description

Well managed and profitable store located in N.W.O. Video Plus was established in 1992 by the original owners are ready to semi-retire. The business has multiple revenue streams. Bulk sales of confectionery items, retail convenience, lottery, personal electronics, gaming, soft and dipping ice cream in summer, rental property and yes we still rent movie's! The company does hold real estate that is rented (triple net) on a long term internationally recognized tenant. Also some vacant land for future development. There is a 2007 truck, an enclosed trailer and truck plow with the business. Equipment assets include but not limited to Electro-freeze triple head soft ice cream machine, Hussman dipping cabinet, popcorn machine, slush machine, ugolini, triple dispenser hot chocolate/cappuccino machine, new six foot novelty cooler, Bunn coffee maker, modern and secure metal and tempered glass displays for high value items (video gaming, Apple products, Samsung etc...) Till, scanner, rental computer, software, The list is extensive of included equipment which is all in excellent condition and turn key. The business history shows a stable and consistent sales of $1.1M- $1.3M and great returns for the owners for the past 25 years.
Major assets included in the share sale would be rented the 4000sq/ft building, all equipment, vacant land, vehicle(s), negotiated inventory.

The building in which the business is located also contains a 2000sq/ft residence with relaxing back yard that backs on a green space. This building is owned personally by the sellers and is not included in the share sale. It would though have to be sold as an asset or other arranged agreement in unison with the share sale to facilitate a clean break for the current owners. The total asking for all is $1.25M.

Property Details

Size:

2200sq/ft retail, 2200sq/ft residential, 4000sq/ft international tenant rental.

Years Established:

1992

Property Type:

Real & Lease

Other Details

Business Location:

Main artery of community, across from school, you can see the lake and 5 minutes to all amenities, hospital, post office

Competition:

none

Living Accommodation?

Yes
Three bedroom, 2 bath, lower level walk out.

Operation Details

Employees:

1 full, 3 part time

Trading Hours:

10 a.m -9 p.m

Support & Training:

willing to stay on for a term to help transition if required.

Miscellaneous

Reason For Selling:

semi-retire

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