18
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$1
Est. payment /mo
1 Bath
Price Dropped by $118K
383 Elgin ST N #8 Cambridge, ON N1R 8C1
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Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID X12382881
Tax Year 2024
Property Sub-Type Sale Of Business
Property Description
* OFFERED FOR QUICK SALE * WITH ATTRACTIVE LEASE! Turnkey Caribbean Supermarket WITH QSR/TAKEOUT RESTAURANT POTENTIAL In A High-Demand Retail Plaza. Business-only sale with Assets (no shares). Established Caribbean grocery store located in a busy retail plaza with strong visibility and consistent foot/vehicle traffic. Serves a loyal customer base of local residents, nearby businesses, and repeat clientele from surrounding towns/cities. Plaza mix supports daily operations and drives cross-traffic. Approx. 1,830 sq/ft of leased space with an attractive, all-inclusive lease of $3,275/month inclusive of HST. Low overhead and lean staffing models support stable cash flow. Product mix includes culturally specific grocery items, fresh meats, fish, and specialty goods. Opportunity to expand inventory to include Caribbean, West Indian, and Indian offerings. Scalable upside through alcohol licensing (subject to approval), meat and fish processing, bakery integration (existing brand relationship), potential courier drop-off services, and U-Haul rentals. Space supports future upgrades including commercial kitchen installation(pending zoning approval & construction - buyer to verify). Additional features include a large storage room (suitable for walk-in cooler or oven), washroom with shower, and ample plaza parking. Sale includes all intellectual property, goodwill, fixtures, equipment, and supplier/vendor accounts. Seller will transfer all digital assets including social media profiles, Uber Eats, and SkipTheDishes accounts. Owner willing to assist with training and transition & introduction to vendors/suppliers. Financials available upon request. Buyer to verify zoning, licensing, and operational requirements. Do not attend the site without an appointment. All showings by appointment only. Here is a perfect opportunity in a location with much demand and rare offering to propel your business venture.
Location
Province ON
County Waterloo
Area Waterloo
Interior
Cooling Yes
Exterior
Community Features Major Highway, Public Transit
Lot Frontage 360.0
Lot Depth 232.0
Others
ParcelsYN No
Listed by EXP REALTY