Gateway Market Convenience Store For Sale - 20 & 30 Samuel Wood Way (The Kip District), Etobicoke, ON

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Gateway Market Convenience Store For Sale - 20 & 30 Samuel Wood Way (The Kip District), Etobicoke, ON

For Lease $ 210,000
LOCATION: Etobicoke Ontario Canada
CATEGORY: Business For Sale
INDUSTRY: Convenience Stores & Lotto Businesses For Sale | Retail Businesses for Sale | Smoke & Vape Shops for Sale
LISTING TYPE: Convenience Stores for Sale | Smoke Shops for Sale | Smoke Shops for Sale | Smoke Shops for Sale | Variety Stores for Sale

The Kip District is Toronto’s newest west-end hub. At The Kip District, everything is connected; landscaped linking five modern towers that encircle a lush park, the centerpiece of this contemporary, master planned community. These elements are essential to the place that will drive pedestrian traffic from the surrounding area, in addition to the residents already living on site.. Perfectly positioned within the trade area to service the captive market of the Kip District, as well as commuters to and from the Kipling Transit Hub. The area benefits from easy access to major highways including; HWY 427, 401, 409, QEW and the Gardiner Expressway. The Kipling Transit Hub will connect GO, TTC and MiWay buses, serving as the west access point to Toronto’s entire transit network. Phase 2 condo tower features 286 residential units and rental tower has 223 units. Ideal for convenience-based retail, this new Gateway Market is an excellent franchise opportunity for tobacco, lottery, convenience items, prepared meals, and light grocery.

Size: 693 sq. ft. approximately

Type: Condo Building

Term: 5 Years with 5 Year Option

Royalty: 3.5% of Tobacco, General Merchandise, and Food + 10% of Lottery Commissions +HST

Franchise Fee: $30K+HST

Gross Rent: $4,215.75/mo +HST including TMI, excluding Utilities

$145,000 - 210,000

*Construction & Equipment estimate varies by size & space condition

*Inventory estimate $15,000 – 35,000; varies by store size and categories