Long Standing Halifax Convenience Store For Sale

Business description

30 plus year old family operated convenience store located in a well developed area of Halifax, servicing mostly high end demographic and drive-by traffic is now available for purchase. Having been the primary source of income for the curent family, this location has afforded the owners the prosperity to build a solid real estate portfolio and provide quality education for their children. The property is very clean and well kept, appealing to the expectations of the surrounding demographic.

Offerings include, ATM, DVD and Video rental, Lotto, cigarettes, and general convenience and household goods.

A little entrepreneurism and focus on service will go a long way to growing this business. You too can enjoy the benefits experienced by the current owners. Solid Return on Investment.

Property information

Real Estate:

Lease

Lease terms:

negotiable

Leasehold rent:

$negotiable per annum

Location:

prime location

Premises details:

very clean, tile flooring inside, good lighting, stone fascia exterior

Size in square feet:

approximately 1200

Other information

Expansion potential:

There is flexibility with the space of the current location, allowing for the addition of high margin Pizza service or Deli, and other revenue generators. Opportunity to expand the size and usage of space for additional offerings. Lengthening the hours of operation would also improve sales.

Perhaps adding or changing the location to a fresh produce market would be highly successful, for a number of reasons.

1. Competition – there really isn’t any in close proximity, including the big suppliers. When you look at how far the big players are away from the shop, the “convenience” to come to the shop is certainly there
2. Location – looking at the surrounding demographics, the shop is likely one of the best areas to provide this service and product. The pass by traffic is absolutely incredible, likely one of the busiest streets in this end of Halifax. Won’t take long to get your name out there!
3. Premises – The store front is quite clean and is updated appropriately inside.
4. Equipment – all newer and in great working order. You could acquire and set up this equipment for less than $40k, even used.
5. Already established customer base.

Support & training:

available

Reasons for selling:

Retiring (has worked the business as owner for 33 years)

Trading hours:

potential to expand

Financing available:

o.a.c.

Inventory / Stock value:

$35,000

Related documents:

• 
• Confidentiality Agreement