Busy Convenience Store With Deli
Location Nova Scotia,Canada
Asking Price Range < $250K
Gross Revenues $650000
Net Profit / Cash Flow $80000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1964
Number of Employees 1 - 3
Inventory All FF&E included for turn key operation.
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Available to ensure smooth transition.
Reason for Sale Other opportunities.
Description This business will not last long! One of the busier convenience stores in HRM has been establised in the community fore 45 years and requires a new owner for the next 45 years. Over the past few years, the owners have shortened the operating hours of the business and taken time away from the business with very little detirment. Sales have been stable year over year and have the potential to grow with new energy.
The business is located in a densely populated area of North Halifax, and adjacent to the community police headquarters. The area has without question, a stigma attached, however, has undergone much change in the last few years. Spend 1 day inside the busienss and you will realize this.
Asking Amount: $80,000 plus stock
Year Est: 1964
Reason for Selling: Tired, other business opportunities
Growth/Expansion Potential: - extend operating hours. Years ago, the shop was open from 8:30 - 11:00 and has been cut back over the last few years to 9:30 - 9:00 - add ''own'' ATM machine - potential for addition of take-out foods
Financial Information
Gross Revenue: $650,000 (seller verified with sales check period to be provided)
FF&E: All FF&E is in good working order and is included in the purchase price. Approximate value is $20k - $25k. There are several ''supplier'' pieces of equipment that will remain as supplier owned, including Pepsi and Coke coolers, ATM, Lotto. List to be provided.
Inventory: approximately $30,000 and can be lowered if necessary.
Financing: o.a.c.
Financing Terms: Cash
Rent: Lease expires July 31, 2009, with new lease to be negotiated.
Contact for more information on this Convenience Store for sale.
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