Profitable Grocery Store With Bakery For Sale

Business description

Long term and stable business providing good variety of groceries and many other items to progressive town and community. Business has been in existence for 32 years and current owners have owned and operated it for 20 years. Sales are steady and significant profits remain year after year. Stable source of income over the long term. Building is older but has been expanded in the past, providing a high profile location with plenty of space for a large inventory of varied items. Building has an upstairs which could be renovated to provide living quarters. Owners are ready to retire after a long tenure in the business. Inventory of about $70,000 and all store equipment is included. Vendors will train purchaser(s) as needed for several months. Great business for a family to operate and make a very good living.

Property information

Real Estate:

Real Property Included

Living accommodation:

Price of housing in town is reasonable compared to the larger cities. Upstairs of store could be renovated to provide living space.

Location:

Small thriving community a short distance from Prince Albert, Sask.

Premises details:

Building has about 5,000 square feet.
Large retail area
Bakery department with built in ovens.
"Main street" location
Upstairs could be renovated to be living quarters

Size in square feet:

More than 5,000 square feet

Other information

Expansion potential:

Meat department could be expanded.

Market bakery goods to a wider area.

Expand circulation of weekly flyers to rural community.

Competition / Market:

One other small grocery store in town. Larger centers with supermarket chains.

Support & training:

Vendors will assist the purchasers for about 2 months or as needed.

Reasons for selling:

Present Owners have operated the store for 20 years and are very much looking forward to retirement.

Trading hours:

Generally 8:30 AM to 9:00 PM

Furniture / Fixtures value:

$173,000 (included in the asking price)

Inventory / Stock value:

$70,000 (included in the asking price)