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This business has been established since 2012 and operated by the same ownership since that time.
The sales have shown a stead growth over the years with the exception of 2018 year end.
The turn down in the economy has finally had a slight effect on sales. The city that this business is located in has a strong attachment to the oil industry. We are now seeing some growth again in the sales in 2019. It is anticipated that we will see some growth in the coming year in the economy as well.
This business is well located in a strip mall that has a number of other services which attract a lot of the local residents for shopping. It is well located in this strip mall with good visibility to a road that has a lot of local traffic driving by. The owners of this business are looking to retirement and would be moving form the city once the business has been sold.
This lease comes due on June 30 2022 but has a five year option for renewal. There may be a fee charged by the landlord to extend this lease or replace this lease for the buyer to obtain financing.
$35,750 (CAD) per annum
This store is located in a strip mail which contains a number of other businesses which are not competitive to this operation.
The store is 1,300 sq. ft. The current lease runs until June 30th/22. The current lease rate is $ 27.50 per sq. ft. or $ 35,750 per annum with a common area cost of approximately $6.00
The store size is not likely able to expand. however there are other ways to expand sales thought more direct advertising in the city.
There are two other franchise pet food stores in this city as well.
The owners have reached retirement age and one is having some health issues.
Monday - Friday 9 am - 9 pm
Saturday & Sunday 10 am - 5 pm
Holidays 12 noon - 5 pm
The Buyer has to be approved by the Franchise. There is a fee of $ 7,500.00 to be paid to have the franchise transfer. The buyer needs to pass a exam and there is a $5,000.00 cost for training by the Franchise.
The Franchise will provide 2 weeks at the head office and 2 weeks at distributing center
the owners will provide a further 4 weeks training at the store
Provided the Buyer has a strong credit rating financing should be obtainable from a conventional Bank by way of Small Business loan which is Federal guaranteed by the Government
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