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Convenience Store With Takeout
Location Nova Scotia,Canada
Asking Price Range < $250K
Gross Revenues $250000
Net Profit / Cash Flow $150000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1970
Number of Employees 1 - 3
Inventory $20,000 (equipment).
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Training Available
Reason for Sale Starting a new business
Description A rare opportunity to purchase an active income-producing combination retail and food-service business. Included in the price is a 1632-square-foot building, equipment, and a 1/4-acre lot on a paved road overlooking the Bay of Fundy in Canada's Ocean Playground province of Nova Scotia! This business is well-established within the shoreline communities that surround it. Residents, many of them fishermen and their wives, must drive over North Mountain to find another grocery or food-service outlet. Several fish plants are close by. During the summer months, campers flock to three nearby campgrounds and to private cottages, further increasing traffic into the store. Property taxes are relatively low due to the capped assessment system in Nova Scotia.
During the past 12 months, the store has undergone a series of renovations and upgrades. The commercial space has nearly doubled after expansion into what was once a back apartment. Recent improvements include insulation, windows, pellet stove and chimney, cook stoves, range hoods, refrigeration equipment, freezers, shelving, front deck, fluorescent lighting, breakers and other electrical rewiring, security system, painting, flooring, prep table, countertops, soffit, fascia and eavestrough. The stock has quadrupled in size to take advantage of the extra space.
ASKING PRICE: $89,900 (Stock and food-service supplies and inventory are not included in this price. They will be sold separately at time of closing. Seller-financing may be possible.)
Contact us by email, and we will send more information as well as two website links providing more details.
Click Here To Contact Seller
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