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Home NS Cape Breton Cape Breton County Cape Breton Municipality Glace Bay
125 Reserve Street
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125 Reserve Street $299,000
$299,000
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125 Reserve Street
Glace Bay, Nova Scotia B1A4W5

MLS® Number: 202527139

Listing Description

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. (231588171)

Location Description

via Peacekeepers Wy/NS-125 E and NS-4

Property Summary

Property Type
Business
Community Name
Glace Bay
Title
Leasehold
Land Size
5.18 ac
Parking Type
Parking Space(s), Paved Yard
Time on REALTOR.ca
44 days

Building

Interior Features
Flooring
Other
Utilities
Water
Unknown
Business
Business Type
Retail and Wholesale (Shopping center)
Parking
Parking Type
Parking Space(s), Paved Yard

Measurements

Total Finished Area
8000 sqft
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Timothy Blais