$750,000 Sale
Listed 47 days ago
King St
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Key Facts
Key facts for King St
Property Type
Commercial
Parking
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MLS®
45528892
Size
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Basement
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Listed on
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Lot size
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Tax
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Days on Website
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Year Built
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Maintenance Fee
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Description
BUSINESS, COMMERCIAL PROPERTY & RESIDENCE IN CORONATION, AB! Established convenience store and bakery business with commercial real estate, operated by the current owner since 2016. The property includes a second-floor 4-bedroom, 2-bathroom residential suite with kitchen, living and family rooms, of...fering convenient on-site living for an owner-operator.Revenue reported in the Financial Statements was $1,485,575 in 2024 and $1,243,076 in 2025, with gross margin improving from approximately 21.7% to 23.8%. The business is currently operated on a semi-absentee basis with six part-time employees.Additional space formerly used as a liquor store is currently used for storage, providing an opportunity to explore the potential reintroduction of liquor sales, subject to applicable licensing and approvals. Bakery equipment is included. Inventory is additional. Seller plans to retire following the sale.
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Courtesy of: Jongsung Baik, Homes & Gardens Real Estate Limited