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$ 149,000

861 Charing Cross Road, Chatham, ON, N7M 2K6

Listing ID# 112167
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$ 149,000

  • 861 Charing Cross Road
    South Kent, Chatham, ON N7M 2K6
  • Listing ID 112167
  • Building Type: Commercial
  • Stories: 1.00
  • Space: 0
  • Status: For Sale/Active
  • Days on Market: 40
  • Tax Year: 0
  • Parking Spaces: 18
  • Drive: Outside/Surface/Open
  • Garage: 0.0
  • Heating: Forced Air-Gas
  • Rooms: 0
  • Exterior: Brick,Stone
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Property Description

Looking for a Money-Making business? This is the very one! Very well established Cigar & Variety store with great reputation. A kind of Top Ranking store. High Profit Margin (over 45% on Cigar & 35% on Pipe Tobacco). Net from just Cigar & Pipe Tobacco is over $60K. Average weekly sales $16,500. In busy summer season up to $19K/week. Lotto comm. $2K. ATM (not owned) $500. Very low expenses; Rent $1,450+ Tx, Utilities approx. $700. Good parking space. Convenient access from the road (Charing Cross Rd is a main traffic route between center of Chatham and famous resort places, Rondeau Park & Erie Beach. No other store on the road all the way down to the beach.) Located in great family oriented neighborhood. Customers' average purchase is greater than other stores. Fully renovated 1,000SF. Perfect interior. Senior owners want to retire. Annual net income way over $100K. Don't miss this gem.



Listing courtesy of LONDON LIVING REAL ESTATE LTD., BROKERAGE


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