Listing ID: CM170612

Sherwood Park

Business Advisor: Ken Leeson
(Contact Mr. Leeson)

Direct: 780-289-6687

Business Type

Convenience/Liquor Store

Business Overview

Established Convenience & Liquor Store with property

About This Business

The original store was bought in 2000 by the current owners.  The owners began with no experience and quickly grew the business with hard work and a vision for a large variety of products, concession food choices and a liquor store.  The sales more than doubled in the early years and currently the combined sales has grown to over $2.5M.

Features of This Business

This convenience/liquor store combination is an excellent family business for the following reasons:

  • Sales are consistently over the $2.5M range even with the recent downturn in the economy
  • Historical earnings are consistent due to maintaining consistent costs
  • Low income risk as the business is well established for 16 years
  • Located on busy commuter road with a traffic count registering 5647 in 2014

Franchised: No
Owner Support/Training: Yes
Reason for Sale: Owners have retired and family members are looking to change careers. 

Business Premises and Location

Vendor Ownership: Yes
Real Estate or Lease? Property included in asking price
Relocatable? No

Documents Available For Review (Subject to Offer)

Confidential Business Profile, Financial Statements,  Asset List 

cm161013-thumbnails

Operational Summary

Snapshot

Annual Revenue: $ 2,590,500

Earnings (SDE): $ 213,300

Allocation of Price: $ 765,000 (FFE + Property),  $  410,000 (Goodwill)

Type of Sale: Asset

Information

  • Year Established – 2000

  • # of Employees – C-Store 3FT 5PT, Liquor Store 7PT

  • Asking Price –  $ 1,175,000 (Down payment $ 410,000)

  • Inventory – $ 124,100 (not included)

  • Vendor Financing – Available

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