Located on the ground floor of a 4-storey residential building at the north-west corner of Keele and Grandravine in the Keele/Finch area. The landlord is willing to make this business available to a Franchisee for Gateway Market. This is an excellent location for highly sought-after tobacco, lottery, convenience items, and light grocery. Included in the estimated cost is the $30,000 Franchise Fee and a requirement to renovate the location with new signage, counters, equipment and merchandise.
Size: 1165 sq. ft. approximately
Type: Condo Building
Term: 5 Years with 5 Year Option
Royalty: 3.5% of Tobacco, General Merchandise, and Food + 10% of Lottery Commissions +HST
Franchise Fee: $30K+HST
Gross Rent: $3,167.83/mo +HST, including TMI, excluding Utilities
$145,000 - 190,000
*Construction & Equipment estimate varies by size & space condition
*Inventory estimate $15,000 – 35,000; varies by store size and categories
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