Liquor Store - Lots of Potential - NE Alberta

Not Disclosed, Alberta

Asking Price: Annual Revenue:
$499,000 $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: $499,000
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 #: B503

Email or Print Listing

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Business Overview:

NEW PRICE! 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 year's fiscal sales (November 30, 2020) are an impressive $1.45 million, once again with no owner involvement, no advertising/marketing, and with a manager who was not focus on growth. Growth is possible with a new owner who is active, on-site, and committed to the business 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. Possibly more depending on the buyer's capabilities and time commitment. The building/property is owned by the current owner and they have generously put together an offered lease structure for you as the buyer of the business and new tenant of the property. The building/property is not listed for sale. The business was recently renovated, sparing no expense! This location is beautiful and ready for your ownership! Team Hansen has many more exciting details to share with you on this fantastic liquor retail operation. Please inquire for the complete information, pending your confidentiality 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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