Lancaster Street West, Kitchener - Business for Sale
Lancaster Street West, Kitchener, Ontario, N2K1L8
This business in Kitchener is for sale offering roughly 911 sq ft of space.
Description
WELL-ESTABLISHED CONVENIENCE STORE + FLOWER SHOP - EXCELLENT BUSINESS OPPORTUNITY! Be Your Own Boss with this Unique & Excellent opportunity to own a nicely set-up, comfortable, and easy-to-operate business generating approximately $525,000 in annual sales, with a highly diversified revenue mix of approximately 40% flowers, 20% cigarettes, 20% liquor, and 20% grocery. The strong 40% flower sales component provides an attractive higher-margin revenue stream, supported by an established online ordering and delivery system and no direct competition. Cigarette sales represent only approximately 20% of total sales, reducing reliance on tobacco revenue. Lotto Commission $1700/Month, Other Income $350-$400/Month. The business offers steady sales and income, affordable rent of approximately $3,273/month including TMI & HST, and a 2-year lease plus 5-year option. Ideal for a couple or owner-operator, with full training provided by the seller for a smooth transition. Inventory is extra. Seller's Discretionary Income $13000/Month. (id:66096)
Property Details
- MLS®
- X13660792
- Property Type
- Business
- Business Type
- Retail and Wholesale
- Zoning
- Commercial Retail
- Interior Size
- 911 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 85 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 85 days on market, against an average age of 53 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 31 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell close to asking price
Homes in this market sold for an average of 100.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
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Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N2K)
This home lists at $249,000, about 2.1× the local median household income of $120,000.
Carrying it typically needs a household income of about $48,638 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $120,000
- Population
- 29,381
- Median age
- 40.4
- Owner / renter
- 82% / 18%
- Avg. household size
- 2.8
Source: Statistics Canada, 2021 Census (FSA N2K)
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$249,000
Kitchener