Grocery Store for Sale — York University
Asset Sale — Asking $175,000 plus inventory
We are selling a fully built-out grocery and convenience store located directly on the York University campus in Toronto. The store benefits from strong pedestrian traffic and serves the university community.
This was our newest location, opening approximately one year before COVID significantly disrupted campus activity. The store had not completed two full fiscal years before the disruption, and student traffic returned gradually over several years.
The business is now showing a meaningful turnaround.
For the current school year, September–October sales are approximately 25% higher than the same period last year, while wage costs are approximately 30% lower. October sales alone were approximately 68% higher year over year.
We have also changed the operating model. The store is now managed remotely and no longer requires a full-time in-store manager, eliminating approximately $50,000–$60,000 per year of management overhead. The store is currently operated primarily with student staff.
An owner-operator could further benefit from direct involvement in purchasing, merchandising, staffing and day-to-day operations.
Updated financial information and current sales trends are available to serious buyers following an NDA.
Asset Sale
The original cost to build and equip the store was more than $500,000 in 2018. Based on recent pricing, a comparable store today would cost approximately $675,000 to build, with substantial equipment lead times.
Asking price: $175,000 for the operating business and assets, plus non-perishable inventory at closing.
Current non-perishable inventory is estimated at approximately $50,000. Final inventory value would be determined by an agreed count at closing.
Buyer Approval
Any transaction will be subject to buyer approval by York University.
Buyer approval is expected to consider relevant operating experience and financial capacity. Previous interested buyers were not approved, so qualified purchasers should be prepared to demonstrate suitable food, grocery, retail or related experience together with sufficient financial backing.
We have had interest from multiple prospective purchasers and are now reconnecting with serious buyers as the store's operating results improve.
Qualified buyers can receive additional financial information, equipment details, photographs and current sales results after signing an NDA.
