Asking price: $995,000
Reason for sale: Retirement
- Land Area: 1.22 acres
- Building Area: 6,565 ft2
- Year of acquisition 2014
- Established Year: 1953
- Full-time Employees 7
- Part-time Employees: 4
- Annual Sales: $1,809,274
- Monthly Payroll: $7,163
EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization): $179,520
- Assets Included in the Sale: land, building, inventory, supplies, furniture, equipment, and goodwill
This family business, dating back to the 1950s, has been managed by current owners since the mid-2010s. This store is located in northeast New Brunswick. It is a large convenience store open every day of the year, Monday through Sunday. It is the largest within a 10-mile radius.
This retail establishment offers a very wide range of products for sale. Indeed, it offers many services, namely grocery, bakery, pastry, dairy products and finally fresh fruits and vegetables.
In addition, a butcher/deli area has been fitted out with a small central island and a work surface with a water point. A cold room is attached. This market has all the necessary industrial equipment to offer a satisfactory butchery service.
In order to guarantee a regular service, this independent company has concluded a contract with a renowned central buying office.
The company is also an agency store for the New Brunswick Liquor Commission. They have a large department with a wide variety of liquor (beer, wine, spirits). It is the main supplier in the area. This business also sells cigarettes and lottery games.
This market has also set up a fast food corner, offering the possibility to eat-in or take away.
In addition, to manage the flow of goods, this store has a drop-off dock and a storage space of nearly 400 square feet.
The key to the success of this business is the welcome and the service offered to its customers. Thanks to this, it benefits from a large loyal clientele in addition to a transient clientele.
This store has a parking lot that can accommodate nearly 20 cars.
Many development opportunities could benefit the future buyer in expanding this trade. The latter would have the opportunity to digitize the company by creating a website and to develop online sale as well as delivery not exploited until today.
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