391 Lumsden Avenue, Toronto, ON, M4C 2L6

Property Details: - Type: Sale Of Business - Bedrooms: 0 - Bathrooms: 0 - MLS#: E13174666 Listed By: HOMELIFE LANDMARK REALTY INC.

Exceptional Opportunity to Own a One-of-a-Kind Grocery/Supermarket Business in Toronto! This unique supermarket-style grocery store has been successfully operated by the same owner for over 20 years and is now offered for sale due to retirement. Located in a densely populated area surrounded by numerous high-rise residential buildings, this is the only store in the neighborhood with virtually no direct competition.The business operates from a spacious 2,300 sq.ft with same size full basement, premises with plenty of exclusive parking spaces, providing excellent convenience for customers. Weekly sales are approximately $23,000, with cigarette sales accounting for less than 30% of total revenue, creating a strong and diversified income structure.Additional high-margin income streams include over $2,000/month from ATM and POS machine commissions, approximately $3,000/month in lottery commissions, plus extra revenue from parking rental and advertising income.Current rent is very reasonable at $5,600/month plus property tax of $1,500/month, with a secure lease in place until March 2030.This business still offers tremendous growth potential for a new owner, including opportunities to add Vape products and other profitable services to further increase revenue. A rare chance to acquire a stable, long-established, and highly profitable grocery business in a prime Toronto location with strong customer loyalty and excellent future upside. This sale of business listing located at 391 Lumsden Avenue, Toronto is currently for sale and has been available on Zolo.ca for 0 day. This without property business listing is in the grocery/supermarket industry. 391 Lumsden Avenue, Toronto is in the Crescent Town neighborhood Toronto. O'Connor Parkview, East York and Danforth are nearby neighborhoods.