It has been determined that the owner/seller has met our qualification standards of being an established, profitable, and bankable business. This is the starting point of our SCS system, that has proven to deliver results three times or more industry standards and helps those we work with experience our mission of receiving the highest customer satisfaction ratings in North America. To obtain a thorough overview of this business, hit the CONTACT SELLER button. Once completed, you will receive an automated email from our system that will provide you with a link to complete a Non-Disclosure Agreement (NDA).
Description
A community staple and the place where many run into one another, this is your local grocery store and it's one of the most important retail operations to keep a community going.
- affiliated with major banner
- currently operating 91 hours per week
- $120k renovation in 2020
The owner is selling 100% of the authorized and issued share capital of the company. The offering price considers Working Capital is adjusted at $0, meaning the negotiated working capital amount will be in addition to the offering price. See Financial section for more details.
By completing the NDA and becoming adequately qualified, you will be sent a full Offering Memorandum that will answer most, if not all, of your questions.
Financial Information
Asking price is plus inventory.
Revenues have been trending up YOY for several years and there is much additional upside that can be created with a few simple additions. With year end June 30:
2024 - $2.56M
2023 - $2.59M
2022 - $2.39M
Seller's Discretionary Earnings:
2024 - 52k
2023 - 83k
2022 - 68k
Operations
Excellent high traffic, high visibility, leased location of approximately 5,000 sft. There are 3 years left on current term with an option to renew for 5 years. Additional renewal terms available.
