Busy Well-Equipped Convenience & Vape Store With Property For Sale

Description

Business type: convenience and vape retail business

Location: university area

Current status: established operating business

Property: included in the sale

Business and property: sold together

Transaction structure: single acquisition

Financial information

Daily store sales: approximately $1,300

Average profit margin: approximately 50%

Monthly Bitcoin and ATM income: approximately $500

Monthly passport photo income: approximately $100

Property

Commercial space: approximately 1,824 sq. ft.

Building type: 23-storey apartment building

Commercial unit location: ground floor

Student apartments: located above the commercial unit

Clear ceiling height: 15 ft.

Underground parking spaces included: 1

Storage lockers included: 1

Kitchen: 1

Washrooms: 1

Customers and market

Customer traffic: supported by university-area location

Built-in residential customer base: student apartments above the unit

Licensing and regulated products

Liquor licence: included

Regulated product sales: vape and nicotine-related products

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

Revenue channels

• Convenience retail sales
• Vape retail sales
• Liquor sales
• Bitcoin and ATM income
• Passport photo income

Expansion options

Hot food preparation: possible using existing kitchen space

Target market for hot food: students

• Add hot food sales
• Increase convenience retail sales
• Increase liquor sales
• Increase student-focused product offerings