Seller's Contact Information
- RE: Northern Alberta Grocery Store Franchise
- Contact: Steve Fylypchuk
Quick Facts
Asking Price: | $960,000 | |
Annual Revenue: | $3,909,930 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $210,968 | |
Total Debt: | Not Disclosed | |
FF&E: | $350,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 1964 | |
Employees: | 13 | |
BBN Listing #: | 86184955 | |
Broker Reference #: | 9110-17080 |
Business Overview:
The Company is part of a successful franchise grocery chain spanning 30 countries. With an ability to not only offer a more local approach to supply, they have also been able to compete with pricing as required given organization's excellent buying power. This store is located in a northern Alberta town and serves a population of approximately 5,500 people. There is only one, smaller competitor in a 75 KM radius. This would be a fantastic opportunity for someone looking to settle in a smaller town with a secure business.
Average sales of $75,000/week last fiscal year. Fully managed, this store is easily maintained, as key staff members are already in place. (Absentee owners). Major, money-saving upgrades to coolers, freezers, and lighting in 2021. Gross Profit 28% FY2022.
Very likely to generate an even higher profit for a savvy owner/operator. Note: The stated “Owner Benefit” includes an owner taking the role of GM and assuming his salary. Essential service. Full range of products sold. Profitable for over 50 years. Main Street presence. Located in a busy strip mall at a major intersection in town. Ample parking. Ideal for investor or owner-operator.
The asking price does not include the mall but it is available to an interested buyer. Potential buyers will be asked to fill out a buyer's profile and sign a Non-disclosure agreement. After which more detailed information will be provided.
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Property Features and Assets:
11,000 square foot store, acting as the anchor tenant in a strip mall with several other businesses. Located at the crossroads of two major roads in town. Assets = $770,314
Market Competition and Expansion:
Only one other grocery store within a 75 Km radius. The other store is much smaller and has higher prices.
Reason for Selling:
Retirement and other business interests.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is a franchise resale opportunity
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