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Convenience store over 13 years in business. Excellent location on Howe and Drake intersection. Store directly below highrise and close by Best Western Hotel, Quality Inn, Executive Inn, commercial offices and school. New highrise building is under construction right opposite the store and a new liquor store is moving next to this business.
Store area approx. 1200 sq ft selling some produces and snacks, lotto 649 tickets, cigarettes, phone cards, ATM, chips and pops, gums and ice creams etc...
Store with separate storage and a small rest area.
FLOOR AREA 1,200 sq ft.
EMPLOYEES Fulltime: 1 Part time:
LEASE TERM 5 yrs + 5yrs option
PARKING Street Parking
ADDRESS
797 Drake St, Vancouver, BC
ASKING PRICE $ 137,000
BUSINESS HOURS
Monday - Friday: 09:00 AM to 10:00 PM
Saturday: 09:00 AM to 10:00 PM
Sunday: 09:00 AM to 10:00 PM
MONTHLY SALES
Lottery Sales: $ 6,000
General Grocery: $ 35,000
Cigarette Sales: $ 15,000
ATM Income: $ 450
Others: $ 100
MONTHLY GROSS INCOME $ 14,260
MONTHLY OPERATING COSTS
Gross Rent: $ 3,350
Employee Wages: $ 2,000
Hydro: $ 500
Insurance: $ 100
Phone Interac: $ 50
MONTHLY EXPENSES $ 6,000
MONTHLY NET INCOME $ 8,260
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