Amazing Location - Convenience Store In Kitchener For Sale

Description

Business type: automated convenience store franchise

Location: Kitchener, Ontario

Current status: established operating business

Operating model: primarily automated retail

Operating hours: 24 hours

Site type: student residence

Financial information

Winter monthly sales: approximately $16,000 to $18,000

Summer monthly sales: approximately $11,000 to $14,000

Margins: approximately 50% to 70%

Monthly rent: approximately $3,000

HST: included in stated rent

TMI: included in stated rent

Inventory: included in the purchase price

One-time licensing fee: $20,000

Licensing fee: additional to the acquisition price

Operations

Day-to-day owner involvement: stated as minimal

Primary owner responsibilities: inventory stocking, delivery receiving and inventory management

Automated operation: active

Traditional staffed retail conversion: possible

Landlord support: stated as strong

Franchise and licensing

Store branding: independent branding

Franchise structure: licensed model

Royalty payments: none

Monthly licensing fee: fixed

Monthly licensing fee amount: not specified

Customers and market

Primary customer market: student residents

Built-in customer traffic: supported by residence location

Expansion options

• Add OLG services if approved
• Add liquor machine sales if approved
• Convert to a traditional staffed retail model
• Increase product selection
• Increase inventory utilization

OLG opportunity: under discussion

Liquor machine opportunity: under discussion

Regulated product expansion: subject to applicable licensing and approvals

Potential buyers

• Owner-operators
• Retail investors
• Convenience store operators
• Buyers seeking a low-overhead automated retail business

Buyer requirements

Non-disclosure agreement: required

Buyer credibility verification: required

Proof of funds: required

Further information

Financial information: available to qualified purchasers after NDA and buyer verification