Contact Information

 

 

Profitable Grocery Store in Northern Alberta for Sale

  • Listing# : 17080
  • Listed Price : $725,000
  • Total Sales : $3,755,475
  • SIC : 5411
  • Down Payment : $725,000
  • Status : Active
  • Discretionary Earnings : $84,243

Business Type :

Food Business Retail / Food Retail Grocery

Business Description :

A well-established and highly profitable grocery store located in a thriving northern Alberta town is now available for acquisition. This business has been serving a population of approximately 5,500 people for several decades and has built a loyal customer base. It offers a wide range of products, including fresh produce, meats, dairy, baked goods, and general grocery items.

-Strong Financial Performance: Average sales of $72,000 per week last fiscal year with a gross profit of 28% in FY2022. 

-Prime Location: Situated in a high-traffic area with excellent visibility and easy access, ensuring a steady flow of customers.

-Limited Competition: There is only one smaller competitor within a 75 KM radius, enhancing market dominance.

-Loyal Customer Base: A reputation for quality products and excellent customer service has resulted in a strong, loyal customer base.

-Well-Established: The business has been a cornerstone of the community for several decades.

-Growth Opportunities: Potential for expansion into new product lines, services, or digital sales channels to further increase revenue.

-Turnkey Operation: The business is fully operational with experienced staff and all necessary equipment in place. Absentee owner.

-Supportive Community: Located in a supportive and close-knit community, contributing to a stable business environment.

-Vendor Relationships: Strong relationships with a variety of suppliers ensure a diverse and consistent product offering.

-Recent Upgrades: Major, money-saving upgrades to coolers, freezers, and lighting were completed in 2021, enhancing operational efficiency.

-New software management system that allows remote management with real-time reporting.

Interested parties are invited to inquire further for additional information. Please contact us to sign a non-disclosure agreement (NDA) and receive the detailed information memorandum.

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $0
    • Incl : Available
    • Inventory $450,000
    • Incl : Yes
    • Liabilities $476,939
    • Incl : No
    • FF&E $300,000
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $30,000
    • Incl : Yes
    • Total Assets $780,000
    • Incl : Yes

Lender Prequalified: No

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Food Business Retail