Excellent opportunity to acquire a well-established Essentialy Convenience Store located at the high-visibility intersection of King Street & Queen Street in downtown Kitchener. This store is located next to Tim Hortons, offering AAA+ location with exceptional exposure, very high visibility, and benefiting from a very, very busy street with continuous pedestrian and vehicular traffic.The area experiences significant footfall year-round, with numerous events taking place during summer and fall seasons, further driving customer traffic and sales potential. The business enjoys a strong community presence along with a loyal base of repeat customers.The store operates as a true one-stop shop, offering a wide range of products including beer, wine, cigarettes, lotto, vape products, and weed accessories. The business holds a valid vape license, with vape recently added as an additional revenue stream, enhancing growth opportunities.Recent upgrades include new flooring and fresh paint, providing a clean and modern retail environment. Additional income streams include ATM revenue plus Bitcoin revenue of approximately $300/month combined.The store also benefits from premium supplier accounts with major brands such as Pepsi, Red Bull, and tobacco vendors, ensuring strong product availability and margins. Revenue streams include beer sales, cigarette sales, convenience retail, and strong lotto commissions (approximately $1,2948/month lotto).Low rent of only $2,486/month including TMI and HST makes this a highly attractive and sustainable operation.Financial statements are available upon request for qualified buyers.Main Street grant and Façade grant also available. (id:60120)
| Business Type | Retail and Wholesale |
| Business Sub Type | Convenience store |
| MLS® Number | X13060050 |
| Property Type | Business |
| Amenities Near By | Highway, Recreation |
| Bathroom Total | 1 |
| Cooling Type | Partially Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 1,215 Sqft |
| Utility Water | Municipal Water |
| Acreage | No |
| Land Amenities | Highway, Recreation |
| Zoning Description | C |
https://www.realtor.ca/real-estate/29674934/8-king-street-e-kitchener
Contact us for more information
Salil Dalla
Salesperson
(905) 673-3100
(905) 673-3108
www.century21skylark.com
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