Convenience Store Fast Food Take Out For Sale

Business description

The business assets, including real estate, furniture, fixtures, equipment and goodwill, are valued at $460,000 (Cdn), including inventory, based upon financial statements dated May 31, 2008. The transaction will be structured as a sale of assets.
An equity investment of at least $150,000.00 is expected. Seller financing or other arrangements to facilitate a sale will be considered depending on terms of security etc. The current management team is prepared to assist the buyer during a transition period. A Sale of Shares, will be considered but is not preferred.

Property information

Real Estate:

Real Property Included

Premises details:

The business is situated in a heavily trafficked cottage and residential area. The store is housed in a relatively new & well maintained wooden structure of 2,400+- sq. ft. of retail space. The parking lot is large and the corner lot and land area is approximately 20,452 sq. ft.

Other information

Expansion potential:

The owners believe that the business has to be promoted, marketed & provide new products and services to it’s customers.to further it’s growth.

Competition / Market:

This convenience store is the primary supplier of these commodities in the immediate area. This market segment is expected to show steady if not dramatic growth. This operation is a great opportunity for a hands-on person, or a husband and wife team. Experience would be helpful but what will really make this venture a winner is an owner with an aggressive, energetic, personality driven enthusiasm to drive the business forward.

Support & training:

The owners are willing to provide some financing if required and will stay for a prescribed period to provide an orderly transition.

Reasons for selling:

The owners are considering retirement.

Financing available:

Seller prefers a sale of Assets, however, he will assist in financing by holding a lien on the assets for as minimal amount as is required to complete the transaction. A sale of Shares may be considered but is not preferred.

Furniture / Fixtures value:

$56,705 (included in the asking price)

Inventory / Stock value:

$27,930