Turnkey Business
Premise size: 727 sq ft
Property: Leased
Occupancy cost (per month): $ 4,464
Business Background
• Opened in August 2021, INS Market (Sunridge Mall) is a newly-built store with no previous owners or locations. Located in Calgary, AB providing products & services to clients in Sunridge Mall and surrounding area.
• Products and services provided include; Snacks, beverages, lottery tickets, tobacco products, ice-cream, gift cards, over-the-counter pharmacy, online delivery and Western Union money transfer.
• Over the year INS Market (Sunridge Mall) has built a solid reputation with both customers and suppliers, earning it a significant presence in the local community. Since the store opening only 13 months ago, INS Market (Sunridge Mall) has grown revenues to an average of $40,000 per month.
• The INS brand / franchise was established in 1994.
Business Working Conditions and Operating Environment
• Location has great foot traffic in Sunridge Mall situated next to the mall entrance and just below the food court. The store get customers from the Cineplex across the street and people walking through the mall to get to the train station as well.
• Has established a customer base with mall employees (returning customers).
• Well-maintained and clean mall with good mall management and security.
• One of two stores that sell lottery tickets and the only store that sells tobacco products (cigarettes, vapes, smoking accessories, etc.).
• The store is very easy to maintain and only needs one employee at a time.
• Current lease has an option to renew.
• Our customers have access to free mall parking.
• Clean and well-maintained interior space.
How the Business Makes Money
• As a franchisee, INS Market (Sunridge Mall) earns its revenues from selling products and services. As the franchisee, INS Market (Sunridge Mall) pays a franchise royalty fee of $600 per month in addition to paying 1% of lottery revenue.
• INS Market (Sunridge Mall) follows a traditional business model, marking up products between 18% and 80% of the wholesale price.
Strengths
• Revenue is growing consistently month-over-month
• Strong brand
• Ideal / Strategic location; attracts foot-traffic (next to the mall entrance, right below the food court, and across the street from a Cineplex)
• Documented systems and procedures
• High employee retention
• Monopolistic control in local market (only store in the mall that sells tobacco products)
• Business is recession proof
• Strong team culture
• Recently acquired new equipment
• Loyal customers
• Modern atmosphere/decor
Weaknesses
• Business is dependent on owner involvement
• New business but on a growing trajectory
• Business was opened during the pandemic which led to a slow start
Opportunities
• Increase sales from existing customer base
• Increase revenue per customer/user
• Negotiate current supplier terms
• Increase order volume of top customers
• Increasing traffic as mall traffic starts to normalize after the pandemic
• As vacant space in the mall gets filled, this will attract more traffic
Role of the Owner
The owners are active owner/operators. Current tasks and responsibilities include:
• Finance: payroll, budgeting
• Sales & Marketing: setting advertising budget, making ads, branding
• Operations: day-to-day operation, scheduling, leading strategic initiatives, purchasing inventory
• HR: recruiting if needed
Required Licenses
• AGLC requires all retailers and employees to complete a 3-hour online training and receive certification.
• INS franchise requires all owners to complete training
• City of Calgary business license
• AHS Food Handling Permit (low-risk)
Furniture, Fixtures, and Equipment
• All equipment, furniture, and fixtures are new since the store just opened a year ago.
For more information, please contact us by using the form below.
*** Asking price does not include inventory. Inventory to be counted and priced at cost upon sale. Inventory will not exceed $30,000 ***
