John Yun (604) 360-9111 | David Seo (306)730-9871

    Harbour Food Market, Salt Spring Island

    161 Fulford-Ganges Rd, Salt Spring Island, BC V8K 2T9, Canada
    • Date added: 10/10/17
    • Area size: 3000 sq ft
    • Type:
    • Status:
    • Year built: 1990
    • Sale Type: Business Only (Land & Building NOT Included)

    Description

    Executive Summary

    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/bDsQBz17quT2

    Realtor Remark

    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 / info@johnyun.ca or David Seo at 306-730-9871 / info@davidseo.ca asap!

    For more information including pertinent financial or internal information, please click the link below for “Confidentiality Agreement”. Please sign and forward it back to us by email: info@johnyun.ca or info@davidseo.ca or by fax 888-683-6554.

    Confidentiality Agreement – ME

    Useful Website Link

    http://www.saltspringtourism.com/

    https://www.hellobc.com/salt-spring-island.aspx

    https://saltspringmarket.com/

     

    View on map / Neighborhood

    Features

    Features:
    • Convenience Store