125 Reserve Street, Glace Bay, Nova Scotia B1A 4W5

Listed for:
$299,000
0 beds
0 baths
Listed 3 days ago
125 Reserve Street, Glace Bay, Nova Scotia B1A 4W5

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Learn more about this property
Listing provided by:
EXP Realty of Canada Inc.
MLS® number:
202527139
Agent:
Timothy Blais
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About

via Peacekeepers Wy/NS-125 E and NS-4 Discover this community staple retail business positioned in a high-traffic locations, with owned and leased real estate, offering experienced hands on retail operators an attractive choice to capitalize on consistent revenue streams and the ability to create immediate increased profitability. This location is leased, approximately 8,000 sft - $72k (property tax included). There is also an opportunity to acquire an additional 1 or 2 stores located in CBRM. - Annual revenues growing at a rate of 8%. - Consistent Gross profit margins of 45% - Ideal locations in the communities served, long history of customer patronage from a broad customer base. Based on the current owners length of time in business, he's certain each location's profit can be increased by $50k or more with a hands on owner who is engaged with the community and managing inventory more appropriately. (id:27476)

Property Highlights

MLS® Number
202527139
Type
Business
Community Name
Glace Bay
Ownership Type
Leasehold
Land Size
5.18 ac

Building

Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Heating Fuel
Building Cooling Type

Utilities

Water
Unknown

Location