Close

Choose your country

Or view all businesses for sale

Worldwide

Sell Your Business

Advertisement

Recently Renovated Rural Grocery Store Central Vancouver Island For Sale

Vancouver Island, British Columbia
Asking Price:
$500,000 (CAD) Furniture / Fixtures included
Sales Revenue:
$2,700,000 (CAD)
Cash Flow:
$180,000 (CAD)

Chinook Mergers, Acquisitions and Business Brokerage is excited to offer a rare opportunity to purchaser a recently renovated, established rural grocery store in a smaller community north of Nanaimo, BC. Purchased by the current owners in 2013, the store offers a wide range of products including baked goods, deli, fresh produce section, meat department, and a café with in-store dining.

It is in a highly visible location, situated on a very busy road with excellent parking and strong local support. The store has experienced steadily increasing annual sales and the owners have made great strides in increasing profitability.

If you are interested in an opportunity to generate a significant, sustainable income though business ownership this business could be right for you. For more information contact Keith MacKenzie

Property information

Real Estate:

Lease

Lease Terms:

6 years remaining with multiple options

Lease Rent:
$60,000 (CAD) per sq ft per annum
Location:

The grocery store is located on a very busy secondary highway near a larger community on Central Vancouver Island.

Premises Details:

11,000 square foot recently renovated grocery store with great parking in a high visibility location. The current owners have invested more than 400,000 on leasehold improvements and equipment upgrades over the last three years.

Business Operation

Expansion Potential:

Excellent opportunities to expand products and services.

Reasons for selling:

Retirement / other interests.

Trading hours:

8:00 a.m. to 8:00 p.m 7 days per week.

Employees:
30 employees mixed between full time and part time.
Years established:
30

Other Information

Support & training:

As required

Financing available:

A qualified buyer will be able to garner bank financing for this business. No vendor financing will be considered.

Furniture / Fixtures value:
$400,000 (CAD) - included in the asking price
Inventory / Stock value:
$200,000 (CAD)

Contact Information

  1. Optional
  2. Country

  1. Optional

By submitting this form, you confirm that you agree to our Terms and Conditions. Please note that BusinessesForSale.com will send the above details to Chinook Business Brokers Ltd.. For more information about how we use your data, read our privacy policy.

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Free Trial available.

Sell Your Business

Are you a Business Owner?

Set up your Private Seller Account and create your listing today

Get Started Here

Are you a Business Broker?

Set up your BrokerWeb Account and list multiple businesses

Get Started Here