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Profitable Afro-Caribbean Grocery Store For Sale

Fort McMurray, Alberta, Canada
Asking Price:
$250K - $500K (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$500K - $1M (CAD)
Cash Flow:
$500K - $2.5M (CAD)

Excellent Opportunity to Own an Established Grocery Business

Well-established Afro-Caribbean-Asian food store located in a strategic downtown location in Fort McMurray, Alberta. This business benefits from strong customer traffic, a loyal client base, and significant growth potential.

Business Highlights

Over $800,000 in annual gross sales
Prime downtown location with high visibility and traffic
Established customer base
Opportunity for a new owner to expand operations and increase revenue
Potential to significantly grow sales in the short term
Included Assets

Approximately 4000 sq. ft. walk-in cold room
3 Built-in deep freezers
3 Standing freezers
Multiple Store shelving and fixtures
Existing business setup and infrastructure
Asking Price

$350,000 CAD (Negotiable)

This is an excellent opportunity for an entrepreneur looking to acquire a functioning business with proven revenue streams and potentials for more growth.

Property Information

Real Estate:

Lease

Lease Terms:

Your preference, either fixed or month-to-month.

Leasehold Rent:

$10,000 (CAD) per annum

Location:

Fort McMurray AB T9H 3E1

Premises Details:

4000 Sq ft, Large free parking at the front, centrally located at Downtown Fort McMurray.

Size in square feet:
4,000

Business Operation

Expansion Potential:

A Growing city with more demand for food and there is room for additional shelves for more inventory.

Competition / Market:

African Variety, Meeko Supermarket, Real Canadian Superstore

Reasons for selling:

Owner retiring

Trading hours:

8:00am-7:00am

Employees:
1-2
Years established:
10

Other Information

Support & training:

Orientation on product types, management style, customer preferences, seasonal products, new target markets.

Furniture / Fixtures value:
$125,000 (CAD) - included in the asking price
Inventory / Stock value:
$50,000 (CAD) - included in the asking price
Relocatable:
This business can be relocated