High Volume Grocery and Convenience - 50 Years In Business
Location New Brunswick,Canada
Asking Price Range < $250K
Gross Revenues $790000
Net Profit / Cash Flow $80000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 1952
Number of Employees 4 - 5
Inventory 120000
Relocatable No
Number of Employees 4 - 5
Real Estate Owned
Training 4 Weeks to 6 Months
Reason for Sale Retiring
Description The profitable and well established businesses never last long... This business is the most recognized and utilized grocery store and market in the region. The current owner has had this business for more than 30 years; the owner has developed this convenience store and grocery into one of the main food markets and convenience stores in the area. This is an established business ready for a new owner to walk in and begin generating a great living in a beautiful growing City in Northern New Brunswick right away. The building was completely renovated 5 years ago, just walk in and take it over.
Facilities: Building is approximately 6,200 square feet with full basement and additional storage. The building has been completely renovated 5 years ago, new section approx. 4,000 s/ft. Building and parking area sit on approximately 1.2 acres of property located centrally in Bathurst, NB. The owner also has 2 acres adjoining this piece of property appraised at $34,000 which he is willing to sell with this business or give the new owner right of first refusal to buy. The business includes a large line of business assets.
Competition: This business has competed successfully in the area for over 40 years. Currently the business is recognized as a full grocery store with convenience store flare for growth potential.
The history and the high traffic area the business is located lends itself to new amenities and services for local valued customers.
Support/Training: Owner will provide up to 8 weeks of training and support and train meat cutter, etc.
Reason Selling: Retirement.
Year Established: 1953.
Employees: 3 ft -2 pt.
Financial Information:
Asking: $239,000.
Gross: $790,000.
Cash Flow: $70,000.
Furniture, Fixtures & Equipment: $63,899.
Inventory: $52,000 approx (not included in price).
Real Estate: $142,900 (included in price).
Financing: Owner will finance inventory!
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