Asking Price: $249,000 CAD Inventory: Extra, sold at cost upon closing. Business Type: Independent Retail (No Franchise Fees)
Business Overview:
An excellent opportunity to acquire a well-established, independent convenience store operating in a high-traffic East Hamilton transit corridor. The current ownership is retiring after 17 years of successful operation. Spanning 2,100 square feet, this location offers nearly double the footprint of a standard Ontario variety store, presenting significant opportunities for revenue expansion and multi-use retail zoning.
Operating strictly as an independent business, a new owner benefits from complete purchasing freedom, higher profit margins, and zero franchise royalties or corporate restrictions.
Financial & Lease Snapshot:
Rent: $4,800/month (Includes TMI). Lease expiry and renewal option details available upon signing an NDA.
CRA Reported Merchandise Gross: $212,026 (2023) / $210,556 (2024).
Note on Revenue: These figures reflect intentionally restricted operating hours (9:00 AM – 9:00 PM) as current ownership transitions toward retirement.
OLG Commissions: Averages approximately $30,000 annually.
ATM Commissions: Averages approximately $750/month.
Value-Add Income: Includes an active money transfer terminal.
Value-Add & Growth Opportunities:
The true value of this acquisition lies in utilizing the massive footprint and extending the operational hours to meet existing market demand.
Extended Hours: Transitioning from the current 12-hour schedule to a standard 7:00 AM – 11:00 PM retail window will capture lucrative early-morning commuter traffic and late-night sales.
Space Utilization (2,100 sq ft): The expansive floor plan allows for immediate integration of high-margin additions without crowding the existing layout. Ideal for adding:
Dedicated Vape/Tobacco Shop-in-Shop
Parcel Pickup/Drop-off Depot (e.g., major parcel service providers)
Specialty/Ethnic Grocery Aisles
Fresh Bakery, Coffee Station, or Prepared Foods
TGC, Playing Cards. Etc
Included Assets & Infrastructure:
The business is being sold fully equipped with all leasehold improvements and operational hardware, including:
Active Ontario Liquor License (Turn-key beer, wine, and cider sales).
Commercial Cooling: Walk-in cooler, 2 commercial beverage coolers, and 1 ice cream freezer.
Security Infrastructure: 16+ Camera Digital Surveillance System, security counter gates, and an electronic register-activated beer cooler access system to ensure compliance and prevent theft.
Operations: Modern POS cash register system.
Confidentiality & Contact Instructions:
To protect the day-to-day operations and staff, this is a highly confidential blind listing.
Please do not approach the store, speak with employees, or alert suppliers. A full buyer’s package—including three years of financial statements, OLG/ATM commission reports, and lease documentation—will be provided exclusively to qualified buyers upon the execution of a Non-Disclosure Agreement (NDA).
