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Outstanding Food Market And Deli Situation For Sale

Sidney, British Columbia
Asking Price:
$650,000 (CAD) Furniture / Fixtures included
Sales Revenue:
Not applicable
Cash Flow:
Not applicable

This is an opportunity to grab a brilliantly equipped grocer and deli in a tremendous location. Despite enjoying dynamic success in another location this specific concept did not gain the required traction in this neighbourhood. A less specialized food concept would do very well on this very busy shopping strip.

No expense was spared when the location opened a mere 18 months ago. All the equipment is of the best quality and in impeccable condition. The store’s 5,000 square feet is well lit with effective track lighting and enjoys exposures on two streets with its corner location.

This is ready to go. Just add inventory, change the signage and let the sales begin. The asking price is well below the replacement value of the equipment and leasehold improvements. The current lease contract has 9 years remaining as well as 3 renewal periods of 5 years each.

A location of this quality with great gear and this well laid out will not be on the market long.

Property information

Real Estate:

Lease

Lease Terms:

9 years remaining plus 3 renewals at 5 years each

Size in square feet:
5,000

Business Operation

Reasons for selling:

Consolidating locations

Other Information

Furniture / Fixtures value:
$710,000 (CAD) - included in the asking price
Business closed / Asset sale:
Yes

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