4 - 535 UPPER WELLINGTON STREET, Hamilton (Inch Park), Ontario, L9A3P7

Property Description

The store is located steps from a major bus stop and offers ample street parking. It is with in walking distance of several schools, a community center, and popular restaurants, making it easily accessible for both residents and commuters. Average monthly revenue is approximately$40,000, with 65% generated from cigarette sales and 35% from groceries. Revenue has shown consistent growth over the past year, largely due to increased neighborhood traffic. Additional monthly income streams include a lottery commission of $4,500, Bitcoin transactions averaging $300, and ATM usage bringing in $150. Alcohol sales contribute a net monthly income of $1000. Rent is $6,000 per month, which includes TMI (Taxes, Maintenance, and Insurance)and HST. The shop is designed for easy, one-person operation, requiring only a single staff member during most business hours. Inventory management is streamlined, and payment systems are automated, allowing daily operations to be handled efficiently. Training can typically be completed in under two weeks, making this an excellent opportunity for a small family or for new immigrants seeking their first business venture. Located in a high-traffic area, the store is just steps away from a major bus stop and offers ample street parking. It is within walking distance of several schools, a community Centre, and popular restaurants, ensuring accessibility for residents and commuters alike. The business is also busy with courier services, providing additional customer flow. The property features a long lease term (4 + 5 +5 + 5 years), and there is significant potential to expand services, with options such as a vape store, key cutting, and butane tank sales already approved. Furthermore, a new Condominium will open directly across from the store next year, which is expected to significantly increase the customer base (id:64974)

Quick Facts

• Property Type: Business
• Bedrooms: None
• Bathrooms: None
• Living Area: 2,135 sq ft (198.3 m²)

Listing Provided by: CENTURY 21 PEOPLE'S CHOICE REALTY INC.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.