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Completely renovated Esso gas station with big size convenience store. The property Is in the residential area. Two Underground Double-Wall fiberglass storage tanks with a capacity of 125,000 litres. Four Dispensers (4 P...
Asking Price : $2,900,000
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 0
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Well-established, easy-to-manage convenience store business for sale (business only).The existing operation has previously held liquor and lottery licences, which may assist a qualified buyer in applying for their own li...
Asking Price : $39,000
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 0
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
*Great location convenience store for sale. start your own business today. *Independently owned convenience store business for sale. No franchise fee or interference involved. *The new buyer has potential opportunities s...
Asking Price : $74,900
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 900
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Excellent opportunity to acquire a well-established convenience store located at a major, high-traffic intersection in East York, Toronto. This store benefits from strong visibility, consistent walk-in traffic, and a sol...
Asking Price : $79,000
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 1,500
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Bring Your Vision to the Heart of Whitby!! Fantastic Opportunity to own a Corner convenience store at 200 Brock St S, Whitby with excellent visibility and steady foot traffic. Located in a busy area surrounded by reside...
Asking Price : $119,000
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 0
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Well-established, top-tier branded convenience store is located in the rapidly expanding city of Vaughan, at a prime corner location in a bustling plaza. Becker's operates proudly as part of the world-renowned Mac's Conv...
Asking Price : $449,900
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 2,292
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Profitable Ins convenience Store for quick Sale ! Prime Location in downtown Toronto, TTC Stop at doorsteps, at a bustling intersection next to high-density residential and business areas. High foot traffic in a busy pla...
Asking Price : $179,999
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 496
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Prime commercial investment opportunity featuring a well-established convenience store serving the community for over 25 years. Located on a prominent corner along Park Lawn Rd, this income-producing property offers stro...
Asking Price : $2,300,000
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 4,800
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Well Established Money Making Convenience Store For Sale opportunity in the vibrant core of Cambridge. This well-located convenience store sits prominently at the corner of 172 Main Street and Spruce Street, perfectly po...
Asking Price : $79,000
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 0
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Prime convenience store opportunity at the high traffic intersection of Erie Ave & Clarence St S. Operating Successfully for 35+ years, this long-standing neighborhood store is a trusted local destination with a loyal cu...
Asking Price : $1
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 1,000
Monthly Rent/Sq. Ft. : $1
Lease: # Years 0 # Renewals 0
This well-established business is now available for sale, offering a seamless transition for new ownership. Featuring a simple day-to-day operation, the store presents excellent potential for continued growth and increas...
Asking Price : $200,000
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 0
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Turnkey business for sale in High Traffic location. Offering Convenience Store . This well-established convenience store has been in business for over 25 years,with room to grow, serving a steady stream of customers year...
Asking Price : $299,000
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 0
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
AWESOME CONNER STORE FOR SALE! Annual gross income close to $1.5M. Ever dreamed of owning a store? This convenience store franchise is up for grabs near Carleton University and the Billings Bridge Bus station. It's in th...
Asking Price : $299,000
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 0
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Rare opportunity to acquire a well-established, high- income-generating convenience store in a prime downtown Toronto location. Situated on Church Street with heavy and consistent foot traffic. This high-performing busin...
Asking Price : $295,000
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 900
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Established convenience store located in the building of 440 Gloucester St, primarily serving the residents of 440 and 420 Gloucester St within a prime downtown high-density residential area. The business has been operat...
Asking Price : $59,900
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 0
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Excellent opportunity to own and operate a well-established, turnkey convenience store located on a high-traffic street with great visibility. Situated in a busy plaza with ample parking, surrounded by residential neighb...
Asking Price : $189,000
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 0
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Location Location, Turnkey ready convenience store for sale in Woodstock, in a high demand area, This Corner unit, offers approximately 1900 sqft. Operating space with excellent visibility, Strong exposure on Dundas St, ...
Asking Price : $249,999
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 0
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
*** Priced To Sell!!!*** Location! Location Location! Astonishing Non Franchised Convenience Store Located in Toronto East, Well Established For Over 20 Years With a Loyal Customers Base From The Community! This Amazing ...
Asking Price : $85,000
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 0
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Client Remarks: Exceptional opportunity to operate a thriving convenience store in Lake Simcoe area. Located in a developing town, this business benefits from high-margin grocery items, with cigarette sales comprising on...
Asking Price : $930,000
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 11,259
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
Want to grow..... Great location in the heart of Kitchener. Grab this exciting opportunity with lots of potential having multiple line of business under one roof. Just added Vape license to the location. New residential ...
Asking Price : $230,000
Gross Revenue
Total income received prior to any expenses. : N/A
Cash Flow 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
: N/A
Size (sq ft) : 3,000
Monthly Rent/Sq. Ft. : N/A
Lease: # Years 0 # Renewals 0
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If you're looking for a business opportunity with the potential for stability and long-term growth, consider investing in one of the many convenience stores for sale in Ontario. Ontario is home to a robust economy and diverse population, offering a prime environment for convenience stores. These businesses provide essential goods and services, making them a resilient and in-demand option for entrepreneurs.
Convenience stores provide steady revenues by supplying essential goods that customers depend on daily. You will also form bonds while fulfilling a central neighbourhood role. Get to know regular patrons as you become an informal community confidant. Incrementally expand offerings with added services like self-serve coffee, parcel pickup or bill payment. 24/7 flexibility allows owners control over their schedule. Financial stability, community purpose, expansion potential and built-in flexibility make convenience stores an appealing business investment.
The Ontario convenience store market is competitive. However, smart strategies can lead to a successful business. Consider the following:
Demographics: Understand the demographics of your target area to tailor your product selection.
Competition: Research existing convenience stores in the area to identify gaps and opportunities.
Regulations: Familiarize yourself with Ontario's regulations governing convenience stores (e.g., tobacco sales, licensing).
When buying an existing convenience store, you'll need to look closely at its current and potential health. Location and your budget will also be important. Please take note of stores that feature LCBO (Liquor Control Board of Ontario) if this criterion holds significance for your requirements.
Review historical financials for stability. Inspect inventory condition and levels. Confirm reliable supplier relationships and terms will continue. Identify opportunities to add complementary offerings or new profit channels based on neighbourhood demand (. Vetting the true financial position, vendor partnerships and growth prospects sets the foundation for returns.
The store's location significantly influences success potential:
Foot Traffic: High visibility locations with ample foot traffic tend to be more successful.
Accessibility: Easy parking or access to public transportation will attract more customers.
Neighbourhood: Assess the safety and overall appeal of the area. For further insights into Ontario, check the Ontario Neighborhood Characteristics Map.
Carefully consider all costs when defining your buying budget:
Purchase Price: Account for the upfront cost of buying the business.
Working Capital: You'll need funds to cover day-to-day operations and unexpected expenses.
Renovations or Upgrades: Factor in potential costs for updates or improvements to the store.
Professional Fees: Include costs for lawyers, accountants, or business advisors.
When investigating convenience stores for sale in Ontario, you’ll face the decision of buying an established business or creating your own. Each path has merits and drawbacks to weigh carefully.
Pros
Acquiring an existing convenience store has several inherent advantages that allow you to hit the ground running. Taking over an established business provides instant market access along with the systems to serve customers from day one. Carefully weigh the following pros against the cons later when deciding between buying an existing store or starting your own.
Established Customer Base: You inherit a built-in clientele, providing immediate cash flow.
Existing Infrastructure: You avoid the costs and time of setting up a store from scratch (e.g., equipment, permits).
Historical Financial Data: You have access to financial records to help you make informed decisions.
Potential for Seller Financing: Some sellers may be willing to offer financing options.
Cons
Despite the many upsides, buying an existing convenience store also comes with drawbacks to carefully evaluate. Make sure to realistically assess the potential downsides involved with taking over an established business. Review how the following cons apply to any stores you are considering:
Higher Purchase Price: Established businesses often command a premium price.
Limited Control: You may need to work within the existing brand and operations framework.
Hidden Issues: There might be underlying problems with the business that are not immediately apparent.
Pros
While more challenging, building a convenience store from the ground up allows for total creative freedom and control. Take the time to weigh the merits of the following advantages against the cons that come with starting fresh.
Complete Customization: You can tailor the store to your exact vision and branding.
Ideal Location: You have the freedom to select the perfect location for your concept.
Building from the Ground Up: You can establish processes and systems suited to your management style.
Cons
However, it's not all upside when starting a new convenience store from scratch. Be realistic about the significant hurdles involved with launching a new business concept. Carefully consider how the following cons apply to your situation
Significant Startup Costs: Budgeting for construction, inventory, permits, and marketing can be expensive.
Building a Customer Base: It takes time and effort to attract customers and build loyalty with a new business.
Higher Risk: Starting a new enterprise has a greater chance of failure than acquiring an established business.
Important Considerations
Before making your decision, it's crucial to:
Conduct Thorough Due Diligence: Whether buying an existing store or starting fresh, carefully examine all options.
Consult Experts: Enlist the help of a business broker, lawyer, and accountant to guide you through the process.
Develop a Solid Business Plan: Outline your goals, target market, financial projections, and marketing strategies for success.
Find Listings: Explore platforms like Find Businesses 4 Sale, commercial real estate websites, and business brokers specializing in convenience stores.
Initial Screening: Narrow your choices by reviewing listing details, financials (if available), and location.
Contact Sellers/Brokers: Reach out to express clear interest and request additional details on prospects.
Sign Non-Disclosure Agreements (NDAs): Execute these to safeguard sensitive information disclosed.
Conduct Due Diligence: Perform comprehensive vetting of all seller materials to evaluate viability.
Make an Offer: Submit an offer via a Letter of Intent that outlines your proposed purchase price and terms. Be prepared to negotiate details like contingencies, closing timelines, inventory amounts, transition period, etc. Work towards mutually agreeable compromises with the seller.
Negotiate the Purchase: Be prepared to negotiate details like contingencies, closing timelines, inventory amounts, transition period, etc. Work towards mutually agreeable compromises with the seller.
Secure Funding: Arrange financing through traditional lenders, seller financing, or other sources.
Finalize the Legal Process: our lawyer will draft the official Purchase Agreement, reviewing every detail to ensure your interests are protected. They will also oversee critical due diligence procedures, facilitate closing per your Agreement terms, and handle the legal transfer of ownership.
Take Ownership: After closing, manage the transition of ownership and start operating your new convenience store!
Analyze Financial Statements: Scrutinize sales trends, profit margins, and expenses over multiple years.
Valuation Methods: Understand how businesses are valued (multiples of earnings, asset-based, etc.).
Market Comparison: Compare the asking price against recent sales of similar convenience stores.
Intangible Value: Consider factors beyond financials, like location, reputation, and potential for growth.
Be Prepared: Know your walk-away point and have a clear negotiation strategy.
Build a Case: Justify your offer with data and analysis from your due diligence.
Contingencies: Include safeguards in the offer (financing, satisfactory inspection results, etc.).
Focus on Mutually Beneficial Terms: Find compromises that work for both buyer and seller.
Experienced Business Lawyer: A lawyer specializing in business transactions is critical for:
Reviewing the Purchase Agreement: Ensuring it protects your interests.
Completing Due Diligence: Guiding you through thorough due diligence procedures.
Facilitating Closing: Overseeing legal requirements and the official transfer of ownership.
Important Note: Laws and regulations regarding business purchases can be complex. Seeking professional legal counsel is essential for a smooth and secure transaction.
Navigating the legal landscape is key for smoothly running a convenience store business. You will need to obtain specific licenses while adhering to provincial regulations.
Several standard licenses and permits are required:
Business License: Register your business name and structures through the Ontario government.
Sales Tax Permits: Obtain a Retail Sales Tax Vendor Permit to appropriately charge/remit sales taxes.
Health Inspection Certification: Your local health department will conduct facility inspections.
Fire and Safety Permits: Abide by fire codes for equipment, sprinklers, alarms, extinguishers, etc.
Certain industries have province-specific regulations:
Tobacco Retail Dealer License: Licensed by the Ontario government to sell tobacco products legally. There is also a provincial tobacco retail fee.
Alcohol Sales Permit: Acquire licensing through the Alcohol and Gaming Commission of Ontario to sell beer, wine and other alcohol.
Gaming Licenses: Apply for provincial gaming licenses related to lottery, sports betting, and more.
Stay current on all municipal bylaws, health codes, Employment Standards Act rules, WSIB requirements, and other changing legislation that applies to Ontario convenience store ownership and employees.
Strategically run your store for sustainable long-term prosperity. Apply the following guidance:
Offer convenience items for grab-and-go customers while attracting grocery shoppers with fresh goods. Cater your selection to local demographics' preferences. Foster supplier relationships that provide volume discounts and favourable payment terms. Use POS software to identify the fastest-selling products to showcase and slow items to discontinue. Fine-tune offerings for optimal profit.
Employ loyalty programs, email/text campaigns, and social media to engage patrons. Incentivize repeat visits with rewards points and discounted gas. Highlight new products and run promotions via subscriber outreach to drive traffic. Use social platforms to foster community connections showcasing your store. Deploy the right digital tools to sustain customer dedication.
Variety stores represent stable, resilient small businesses integral to communities across Ontario. Demand persists for the essential products and convenient services these stores provide local neighbourhoods. That intrinsic need fuels continued growth even when economic conditions soften.
Convenience stores offer accessible entry points into business ownership. Modest startup costs and liquid inventory support entrepreneurial dreams. Operational flexibility also appeals to owner-managers. Ontario’s prime markets still present ample expansion opportunities as well.
Urban densification, expanding revenue streams and strong franchisee support will continue to drive convenience store growth and evolution.
Prepared to Find Your Ideal Ontario Business Opportunity?
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Owning a profitable convenience store in Ontario depends on several factors like location, size, product selection, and operating efficiency. However, well-run stores in busy areas can achieve an average of 2-6% profit margins after all expenses. Optimizing these controllable elements allows for respectable earnings.
The cost of opening a new convenience store in Canada ranges between $50,000 to $100,000 in most cases. Key variables that move this price point up or down include the quantity and types of initial inventory purchased, store size and layout, necessary equipment, and geographic location. Carefully projecting operating expenses and sales revenues allows new owners to budget accordingly. Nevertheless, the viability of the endeavor is contingent upon both the location and size of the store. For an initial assessment, we advise directing your attention towards convenience stores available for purchase in Guelph, convenience stores to buy Hamilton, convenience stores for sale in Brampton, and convenience stores for sale in Waterloo. Alternatively, you may explore opportunities within convenience store franchises.
The key steps when buying a convenience store in Ontario begin with thoroughly vetting the financials, local competition, profit history and growth potential. Once a viable prospect is identified, negotiate an equitable purchase agreement outlining terms favourable to both parties. Then conduct due diligence to confirm findings before securing financing and closing the sale utilizing a business lawyer.
Yes, owning a convenience store in Ontario requires a Retail Business License and possibly a Tobacco Retail Dealer’s Permit depending on your product selection. Check with local advisors to ensure full compliance across municipal regulations, employment codes and more when launching your store. Adhering to provincial licensing mandates and laws will allow smooth operations.
Do you provide assistance in procuring financing for purchasing a convenience store?
We offer full-scope support in arranging financing to purchase a convenience store. This includes connecting clients to business lending specialists at partner financial institutions. We also provide coaching to optimize loan applications - from collateral guidance to credit readiness consulting.
What factors should I consider while deciding to buy a convenience store in Ontario?
When evaluating buying a convenience store in Ontario, prioritize location and consistent foot traffic levels along with historical financial data revealing stable profitability. Carefully assess potential rivals in the area and expansion possibilities. Additionally, research all licensing, regulatory compliance and legal considerations across municipal and provincial jurisdictions to enable smooth operations.
As a prospective buyer, you have the right to fully access historical financial statements from the current convenience store owner before finalizing an acquisition. Typically shareable documents that clarify profitability metrics and trends include past sales figures, tax filings, income statements, balance sheets and inventory analyses. Reviewing this data informs wise investment decisions.
Discovering the best deals on Convenience Stores in Ontario requires thorough research. Take into account factors such as location, size, amenities, and future growth potential. Explore the three most popular offers:
Automotive Businesses at 1 TASKER ST , Convenience Store at GLENRIDGE and Convenience Store at Rogers .
The average price of Convenience Stores in Ontario is influenced by various factors. On average, prices range from $362,565. However, conducting a comprehensive market analysis is essential to grasp specific pricing trends in your desired area.
Find comprehensive information about Convenience Stores in Ontario on Find Businesses 4 Sale! Explore our catalog of offers, and if you have any questions, feel free to contact us; we're here to help! Meanwhile, consider checking out the three newest listings:
Automotive Businesses at 1 TASKER ST , Convenience Store at GLENRIDGE and Convenience Store at Rogers . .
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