Asking price: $889,000
Reason for sale: Retirement
- Land Area: 43,895 ft2
- Building Area: 5,069 ft2
- Year of acquisition: 2013
- Established Year: Over 80 years
- Full-time Employees: Contact us
- Part-time Employees: Contact us
- Annual Sales: $1,418,090
- Annual Payroll 83,608$
EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization): $88,445
- Assets Included in the Sale: land, building, inventory, supplies, furniture, equipment, and goodwill
This New Brunswick family business, founded over 80 years ago, has been managed by the current owner since 2013. It is a large grocery store, open every day of the year, from Monday to Sunday. It is located in northern New Brunswick, in the heart of the Chaleur Region.
The company is located on the outskirts of a major city, on a strategic axis, giving it high visibility. It is also the only grocery store in the local area.
The store offers a range of products, including groceries, butchers, dairy products, fruit and vegetables, and hardware. There’s also a bakery/pastry department, plus more seasonal products.
The company also has a pharmacy corner. It is also an Atlantic Lottery and tobacco outlet.
This large grocery store is best known for its butcher’s department. This department offers grocery store customers a wide choice of fresh and frozen products. Moreover, the company has all the industrial equipment needed for an excellent butchery service, enabling it to make all kinds of cuts.
The company has built up a strong reputation in the region thanks to the variety of products and services it offers. In addition, during the tourist season and after the cottages open, this business experiences an exponential influx of customers. So, besides its loyal clientele, the grocery store benefits from a transient clientele.
The store has, of course, a parking lot with space for almost 20 cars.
Among the many assets of this large grocery store, it’s worth noting that it has an income apartment.
Many development opportunities could benefit future buyers with the expansion of this grocery store. These include the possibility of developing online sales, introducing new products, or offering a seasonal delivery service.
Contact us for additional information.