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    For Sale - 391 Lumsden Avenue, Toronto, Ontario

    Est payment $1,676/mo
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    Time on Jump  1 days

    AI Summary *

    • Established grocery business in a high-traffic area with loyal customers.
    • Spacious 2,300 sq.ft store with a full basement and ample parking.
    • Consistent weekly sales around $25,000 with diversified income streams.
    • Reasonable rent and secure lease until March 2030 for stability.
    • Growth potential with opportunities to add new products and services.




    Exceptional opportunity to own a one-of-a-kind grocery/supermarket business in toronto! This unique supermarket-style grocery store has been successfully operated by the same owner for over 20 years and is now offered for sale due to retirement. Located in a densely populated area surrounded by numerous high-rise residential buildings, this is the only store in the neighborhood with virtually no direct competition. The business operates from a spacious 2,300 sq. Ft with same size full basement, premises with plenty of exclusive parking spaces, providing excellent convenience for customers. Weekly sales are approximately $25,000, with cigarette sales accounting for less than 30% of total revenue, creating a strong and diversified income structure. Additional high-margin income streams include over $2,000/month from atm and pos machine commissions, approximately $3,000/month in lottery commissions, plus extra revenue from parking rental and advertising income. Current rent is very reasonable at $5,600/month plus property tax of $1,500/month, with a secure lease in place until march 2030. This business still offers tremendous growth potential for a new owner, including opportunities to add vape products and other profitable services to further increase revenue. A rare chance to acquire a stable, long-established, and highly profitable grocery business in a prime toronto location with strong customer loyalty and excellent future upside.
    Listing IDE13174666
    Address391 Lumsden Avenue
    CityToronto, Ontario
    Price$349,000
    StyleSale Of Business
    TypeBusiness
    StatusFor Sale

    Subtype Sale Of BusinessBasement 1Heating / Cooling Gas Forced Air Closed

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    Listing Agency:  HOMELIFE LANDMARK REALTY INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    391 Lumsden Avenue
    Toronto , Ontario
    $349,000
    Get more info