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Listing ID: 1654267

Very Well Established And Reputed Business With Corner Building For Sale

230 Kenilworth Ave N, Hamilton, Ontario, Canada

CA$ 748,000

(Furniture / Fixtures included)
(Real Estate Included)

Revenue: CA$ 780,000

Cash Flow: CA$ 114,000

Business Description

Business with building 5300 square feet for Sale in Hamilton, Ontario, Canada on a Main Commercial Road

Main floor:
Very Clean Big Busy Convenience Store
Gross sales - $780000 Annual
Lotto income - $25000
ATM income - $6000+
Cigarettes sale - 25%
Store sale - 35 to 40%

First floor:
2 apartments with separate entrances, excellent for 2 families
4 bedrooms (1 Master Bedroom)
2 separate kitchens
2 separate washrooms, 1 with washer & dryer
Big living room
550 square feet open space, with new wooden deck, and,
New high 8 feet private fencing on roof

Presently, owner and his family lives on first floor.

Dry and clean basement, high ceiling with 2 washrooms and 3 entrances for extra income.

For entire building including 2 apartments:
Property tax - $9100
Utilities - $16000
Insurance - $4500

Business alone can be sold also $149000
Lease $2750/ month + with basement or
Lease $2450/ month + without basement

Two apartments can be rented separately for
$1150+ and $1050+ or combined for 2100+ for two apartments

Reason for selling: Health Issue

Property Details

Size:

31 x 100 square feet

Years Established:

1989

Property Type:

Real

FF&E:

CA$ 40,000

Inventory Value:

CA$ 60,000

Real Estate Value:

CA$ 599,000

Other Details

Business Location:

Main commercial road, Between Barton St. East, and Canon Rd, on Kenilworth Ave N. in Hamilton, Close to Center Mall, North of Tim Hortons.

Premise Details:

This Building is on 24/7 Traffic Road, both side of the road are stores of all kinds like restaurants, bars, pizza, laundromat, clubs, sports goods, scuba training, tools rental, marketing agency, ready made cloths, antiques, automotive, accounting firms, etc. This is solid Brick and Stone Corner Building, open on 3 sides, with full windows, full sun lights on all sides, spacious and clean.

Competition:

Pay less - 4 Blocks Away. Our prices are very reasonable / People Prefer to shop at Our Store.

Expansion Potential:

Can be opened 24/7. Income will Increase by increasing merchandise / more products line like meat products. Huge potential for new business and opening new line of business like Sandwich / Subway, Western Union, cash cheque in, own ice cream machine and many more possibilities. Offices like Real Estate, Accounting, Lawyer, Wholesale distribution of fast moving consumer goods Fresh Fruits and Vegetables Selling Business can be operated from basement as basement have separate opening on main floor on the back of building with lots of parking or basement can be used / changed to storage units / facility for renting.

Living Accommodation?

Yes
2 apartments with separate entrances, 2 separate kitchens, 2 separate washrooms, big living room, huge open space on roof with deck and new high 7 feet private fencing, Excellent for 2 Families. Presently, owner and his family lives on first floor. Dry and clean basement, high ceiling with 2 washrooms and 3 entrances for extra income. Two apartments can be rented separately for $ 1050+ and $ 900+ or combined for 1850+ for two apartments.

Planning Consent:

1 more apartment can be built on first floor open space with City Permission. Basement require cleaning and can be used to add another business line or can be rented, 2 washrooms (1 working) in basement.

Operation Details

Employees:

2 part timers

Trading Hours:

Presently: 9.00 am - 8.00 pm

Support & Training:

3 weeks at no cost,

Miscellaneous

Reason For Selling:

Health Issue

Contact this seller

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