Listing ID:  AB 10302014

Location: Confidential – Southwest of Edmonton

Broker: Neil Gerritsen
(Contact Mr. Gerritsen)

Inquiries: 780-919-1107

Business Overview

This unique and attractive award winning franchise has been a service staple in this small community for several years. This company has steadily recorded increased year-over-year revenues, making them a very sound investment.

The business consists of three separate franchises. An auto parts shop to meet all your automotive and accessory needs with certified partsman to assist customers. A hardware store providing a wide range of goods from tools and supplies, to home improvement ideas and products to giftware and toys. This is the only hardware store in the area and highly valued by their clients. A brand name power tools partnership is also included in this franchise offering, providing the community with a variety of small power tools such as chain saws and safety equipment, to larger ride on mowers and snow blowers.
Owing and operating this very diversified business would present both a challenge and reward for a new owner.

Why This Business

  • Diversification
  • Limited competition
  • Successful business partnerships
  • Location and prominence in the community
  • Ideal franchises
  • Loyal and dedicated customers
  • Dedicated staff

Business Premises and Location

Does the Vendor own the premises? Yes
Is the premises part of the sale? Available for sale under separate cover.
What is the cost of the lease? $2500 per month

Documents Available For Review 

Business Sales Memorandum, Financial Statements, Equipment List

AB1002014Thumbnails

Operational Summary

Snapshot

Annual Revenue: $2,060,095 (2014)
Discretionary Earnings: $224,311 (2014)
Employees: 6 Fulltime / 2 Part Time

Assets

  • Assets – $73,805. (2014)

  • Inventory – $781,226. (2014)

  • Owner Support/Training – Negotiable

  • Reason for Sale – Owners wish to retire.

Terms

  • Asking Price – $ 700,000.00 Plus Inventory

  • Seller Financing – Negotiable

  • Franchised – No

  • Are the current owners the founders? Yes

  • Year Established – 20 Years

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One thought on “Multifaceted Retail Franchise

  1. Jason Kuzie

    Looking to learn more about this opportunity, it is something I would be comfortable managing FT. It seems like it would be a good lend from a banks perspective. How much is Inventory? Is owner willing to finance any of the purchase? What kind of amount would the new owner be looking at putting down on this business to purchase?

    Thank you

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