#3 9390 Sheppard Avenue East, Toronto (Rouge) - Business for Sale
#3 9390 Sheppard Avenue East, Toronto (Rouge), Ontario, M1B5R5
This business in Toronto is for sale offering roughly 1,230 sq ft of space.
Description
Saravana Supermarket - Business for Sale. Excellent opportunity to own a well-established South Asian grocery and convenience store in a high-demand location. This turnkey business serves a loyal and growing customer base and offers multiple revenue streams, making it an ideal investment for owner-operators or investors.Business Highlights Well-established grocery and convenience store with a strong local reputation. Licensed OLG Lottery retailer.Licensed to sell alcohol. Licensed to sell tobacco and cigarettes. Fully stocked grocery section featuring South Asian, Sri Lankan, and Indian food products. Separate fresh meat market with professional equipment. Separate fresh seafood/fish market. Large selection of refrigerated and frozen products.Walk-in cooler for efficient inventory storage.Commercial display refrigerators and freezers. Well-maintained shelving and merchandising fixtures included. Cash registers/POS system and business equipment included (subject to inventory and agreement). Ample storage and organized back-of-house workspace.Established supplier relationships.Excellent potential to increase sales by expanding product lines, prepared foods, catering, delivery services, or online ordering.This is a rare opportunity to acquire a fully equipped, operating business with valuable licenses already in place. Whether you are an experienced operator or a first-time business owner, this business offers immediate income potential with room for future growth. Financial information is available to qualified buyers upon execution of a confidentiality agreement. All viewings must be arranged by appointment. (id:66096)
Property Details
- MLS®
- E13738000
- Property Type
- Business
- Business Type
- Food Services and Beverage
- Zoning
- Commercial
- Interior Size
- 1,230 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 63 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 63 days on market, against an average age of 54 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 33 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This business in Toronto (Rouge) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (M1B)
This home lists at $149,000, about 1.6× the local median household income of $91,000.
Carrying it typically needs a household income of about $29,105 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $91,000
- Population
- 65,555
- Median age
- 39.6
- Owner / renter
- 72% / 28%
- Avg. household size
- 3.2
Source: Statistics Canada, 2021 Census (FSA M1B)
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$149,000
Toronto