Neighbourhood Grocer in Edmonton

Neighbourhood Grocer in Edmonton

Neighbourhood Grocer in Edmonton

Recurring Revenue Verified Financials 

 Grocer / Posted 2 months ago

CDN 790,000.00

2400 sq ft neighbourhood grocery store in Edmonton is for sale.

This store is situated near high density/high income condos and on the edge of one of Edmonton’s most affluent communities.

It has a loyal client base, who rely on the store for everyday groceries and treats, and increasingly for signature home-cooked meals.

The store’s average revenue over the last 3 years was $2.75M, while the profit (after paying the owner salaries) averaged $245,000. Cash flow is in that range as well.

The owners are looking at retirement, and would like to sell the business (real property is not included in the sale – the business leases the premises), and are looking to sell what they’ve built to a motivated individual, couple, or company.

Inquire today to get the ball rolling!

  • Listing ID: 9903
  • Cash Flow: $245,000
  • Average Revenue: $2000,001-$2500,000
  • % Revenue from Recurring Clients: 25-49%
  • % Contracted / Recurring Revenue: 0-10%
  • Reason for Selling the Business: Owners are retiring
  • Furniture, Fixtures, and Equipment Amount (included in asking price): $250,000 - included in asking price.
  • Inventory Amount (included in price): $357,000 - included in asking price.
  • Financing Availability: Financing can be arranged for qualified buyers
  • Broker or Agent: None
  • What's involved in running this business?: Owners of the business will be actively involved in tasks such as inventory management, cash management, community outreach, staff management, security, marketing, and accounting.
  • Digital Assets: Web Site, Facebook Page, Other
  • Open to Co-Brokering?: Yes
  • Total Addressable Market/Catchment Area: 35000
  • Future Potential: Expand the take-home food business, by partnering with delivery services, and marketing the store's menus to their customers. Expand online ordering, and (via partnership with delivery services), build customer base of grocery-delivery services. Set up membership program to develop loyalty, recurring revenue.
  • Includes Real Estate?: No (space is leased)
Contact details

Edmonton,Alberta Show Phone Number *****

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