Neighbourhood Grocer in Edmonton
Recurring Revenue Verified Financials
Grocer / Posted 2 months ago
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!
% Revenue from Recurring Clients:
% Contracted / Recurring Revenue:
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 can be arranged for qualified buyers
Broker or Agent:
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.
Web Site, Facebook Page, Other
Open to Co-Brokering?:
Total Addressable Market/Catchment Area:
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)
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