Food Mart And Burger In One Lebovick Plaza! For Sale

Description

Business type: dual-concept convenience retail and quick-service restaurant business

Brands: Infinity Mart and B BOYS BURGERS

Location: Lebovic Plaza, Warden and Eglinton, Toronto, Ontario

Current status: fully built operating setup

Operating setup: turnkey

Purchase price: $145,000

Business model

Retail concept: convenience store

Food service concept: quick-service burgers

Revenue model: retail and food service

Target customers: convenience shoppers and food service customers

Premises

Approximate size: 1,064 sq. ft.

Site type: high-traffic plaza

Visibility: stated as high

Parking: ample

Tenant mix: stated as strong

Daily foot traffic: stated as strong

Repeat customer base: established

Lease

Monthly rent: $7,718.62

Utilities: additional to stated rent

Taxes: additional to stated rent

Lease term: 5 years

Renewal option: additional 5 years

Inventory

Inventory value: $75,000 to $100,000+

Franchise

Training period: 2 weeks

Training cost: $2,500

Monthly fixed royalty: $500

Additional royalty: 5% of retail and food sales

Selected items: excluded from percentage royalty calculation

Transaction details

Possession: 90 days

Expansion options

• Increase convenience retail sales
• Increase quick-service food sales
• Increase repeat customer activity
• Increase cross-selling between retail and food service
• Increase local marketing

Potential buyers

• Owner-operators
• Retail operators
• Quick-service restaurant operators
• Multi-concept investors