Description

Situated at the busy intersection of Jarvis and Carlton, this well-established convenience store presents an excellent opportunity for buyers seeking a profitable, turnkey business in the heart of downtown Toronto. Operating as a dedicated variety store for decades, the business has built a strong reputation and loyal customer base within the local community. The store has been recently renovated and upgraded with leasehold improvements to serve fast food due to high demand by customers, and has the potential to operate as a cloud kitchen as this business provides clientele with a well established kitchen fit with 3 sinks. Additional revenue streams include OLG/Lotto commissions and an on-site ATM. Passport photo and key-cutting services can be added as secondary revenue streams. The purchase price includes existing inventory, equipment, and leasehold improvements, allowing a new owner to seamlessly take over operations from day one. The sellers are unable to continue managing the business due to personal life reasons, creating a great opportunity for the next owner to step into well-performing and established operations. The seller will provide all supplier and financial details upon due diligence. Sellers will provide financials during buyers due diligence.