Busy Convenience Store with potential to add Vape For Sale

Description

Business type: convenience store

Current status: established operating business

Financial information

Weekly sales: approximately $9,000

Monthly grocery income: approximately $10,400

Monthly cigarette income: approximately $2,400

Monthly lotto commission: approximately $1,800

Monthly ATM commission: approximately $200

Monthly Bitcoin income: approximately $350

Monthly rebates and advertising income: approximately $100

Annual net income: approximately $90,000

Net income calculation: salary included

Expenses

Monthly rent: $5,600

TMI: included in stated rent

Water: included in stated rent

Monthly hydro: $550

Monthly internet and phone: $150

Monthly alarm cost: $30

Monthly insurance: $250

Other monthly expenses: $50

Lease

Current lease expiry: May 31, 2030

First renewal option: 5 years

Second renewal option: additional 5 years

Location

Site type: busy retail plaza

Tim Hortons: in plaza

Subway: in plaza

Factory Burger: in plaza

True North Weed Shop: in plaza

2001 Video Audio: in plaza

Licensing and approvals

Lotto licence: included

Noveda open tickets licence: included

Alcohol licence: included

Regulated product sales: cigarettes and alcohol

Applicable licensing and regulatory requirements: subject to provincial and federal laws

Operations

Margins: stated as high

Customer traffic: stated as strong

Revenue channels

• Grocery sales
• Cigarette sales
• Lotto commissions
• ATM commissions
• Bitcoin income
• Rebates and advertising income