$1.47 MILLION in annual revenue WITHOUT selling meat products, beer, or hot food, offering exciting opportunities for expansion! Excellent opportunity to acquire an established, independently operated grocery store in a prime Mississauga location. Situated in a busy plaza alongside McDonald’s, Subway and other established businesses, this approximately 4,400 sq. ft. store offers excellent visibility. The business has a database of approximately 8,000 registered customers and a modern setup with equipment and fixtures installed approximately five years ago, including two walk-in coolers and one walk-in freezer. Additional space at the rear offers potential for a meat department, bakery or hot food kitchen, subject to necessary approvals. This is the only store in the plaza with a lottery terminal and alcohol retail license. No franchise royalties! The next owner may continue under the existing name or explore a name change or complete rebranding. Lease in place until 2031, with two additional 5-year renewal options (5+5), potentially extending occupancy until 2041. With established sales, an existing customer database, modern infrastructure and potential to expand product offerings, this is a compelling opportunity for an owner-operator or investor. (id:67038)
Listing brokerage: RE/MAX EXCELLENCE REAL ESTATE
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