Liquor Store - Lots of Potential - NE Alberta

Not Disclosed, Alberta

Asking Price: Annual Revenue:
$599,000 $1,400,000

Food & Beverage: Liquor Stores

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RE: Liquor Store - Lots of Potential - NE Alberta Broker: Mark Hansen

Quick Facts

Asking Price: $599,000
Annual Revenue: $1,400,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1998
Employees: 7
BBN Listing #: 233762816
Broker Reference #: B492

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Business Overview:

Do not miss out on this thriving, profitable liquor store ran under absentee ownership. This location is already profitable without an owner’s presence. Their manager is a great manager, more than capable of running the store without the owner, and they do! However, the manager is not of an entrepreneurial mindset and does not focus their energy on growth, they focus only on operations. This spells potential for you! Last years fiscal sales (Nov 30, 2020) are already an impressive $1.45 million, once again with no owner involvement, no advertising/marketing and with a manger who does not focus on growth. Sales are expected to grow by the end of the next fiscal year under the current operational structure (absentee owner). Please inquire to see the proforma depicting both the current structure and expected growth under the current model. A confidentially agreement will be required. Further growth can be expected, beyond what is noted above, with a new owner who is active, on-site, and committed to the businesses prosperity. This is a great opportunity for you if you are looking to be hands on! The current owner is confident that an onsite owner could easily grow annual revenue by 25% in their first year of ownership through their commitment, time and focus, beyond the already expected increases under the current model (absentee owner). Possibly more depending on the buyer’s capabilities and time commitment. The building/property is owned by the current business owner. They have generously put together an offered lease structure for you as the buyer of the business and new tenant of the property. Its below what they currently rent it to themselves for. Please inquire for the full details. The building/property is not listed for sale. Team Hansen has many more exciting details to share with you on this fantastic liquor retail operation. Please inquire for the complete information package, pending your confidentially agreement being on file with us.

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Property Features and Assets:

Building Size: 3,000 Square Feet (Approximately. To Be Confirmed with Landlord) Options to Renew: One Option to Renew of 5 Years Base Rent: Year 1: $16.80/Square Foot. $4,200/Month. $50,400/Year (+ GST) Base Rent Escalation: $200/Month. $2,400/Year (+ GST) Each Year For 10 Years Property Tax: Estimated: $450/Month. $5,400/Year (+ GST) Total Rent/Property Tax: Year 1: $4,650/Month. $55,800/Year (+ GST)

Reason for Selling:

Owner Cannot Commit Time To Business.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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