About 125 Reserve Street
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.
Features of 125 Reserve Street
| MLS® # | 202524339 |
|---|---|
| Price | $299,000 |
| Square Footage | 8,000 |
| Acres | 5.18 |
| Type | Commercial Sale |
| Sub-Type | Business |
| Status | Active |
Community Information
| Address | 125 Reserve Street |
|---|---|
| Area | Cape Breton |
| District | 203-Glace Bay |
| Sub-District | N/A |
| City | Glace Bay |
| County | Cape Breton |
| Province | NS |
| Postal Code | B1A 4W5 |
Amenities
| Parking | Parking Spaces(s), Paved |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Other Heating/Cooling |
|---|---|
| Cooling | Other Heating/Cooling |
| Fireplace | No |
| Has Basement | No |
Exterior
| Lot Description | 3 to 9.99 Acres |
|---|---|
| Roof | Other |
Additional Information
| Zoning | Commercial |
|---|
Listing Details
| Office | EXP Realty of Canada Inc. |
|---|