- Convenience Store
Harbour Food Market, Salt Spring Island
Harbour Food Market is a family run store located in beautiful Salt Spring Island offering residence and business as a package deal. (Land & Building Not Included)
The seller’s family lives upstairs which is 5 bedroom suite of approx. 4,500 SF.
The Monthly Rent for the store (3,000 SF) and the upstair 5 Bedroom residence (4,500 SF) is Total of $5,325 + GST ($190.20)
The revenue of the store has been pretty consistent and increasing trend since its inception on April 1, 2005
The current lease will expire March 31, 2020 and the seller will negotiate for the renewal option with a landlord for the buyer once having an accepted offer.
The heating system is electric and the store comes with 2 parking at rear and there are plenty of street parking.
60% of the store sales are cigarettes and 40% for the rest of grocery items. Average margins they are running are 15% on tobacco products and 35~40% on rest of the products. (Lottery sale is not included.)
Store hours are 8AM–10:30PM Monday to Saturday and 9AM-10:30PM on Sunday
Location on Google Map: https://goo.gl/maps/
Very profitable & stable convenience store in beautiful Salt Spring Island Downtown District is now available for sale. This convenience store has been established more than 30 years ago & has been the most popular convenience store destination for a long time. Very easy to operate! 100% delivery by suppliers & only need 1 person to operate at any given time. Spacious 5 bedroom, 2 bath upstairs residence is a real bonus for y our convenience & lifestyle. Gross revenue (2016) of approx. $1,000,000 per year with net income of approx. $150,000 per year which means that the seller’s asking only less than 2 times of net income. Salt Spring Island is a gorgeous town with very mild weather loved by many retirees & artists. There are many tourist attractions unfolding beautiful scenery all around the island. So fall in love with this great business opportunity or perhaps the scenery & lifestyle Salt Spring Island offers. You won’t regret your decision either way. So call now & don’t miss this!
For more information, please contact John Yun at 604-500-4339 / firstname.lastname@example.org or David Seo at 306-730-9871 / email@example.com asap!
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