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Historic Convenience Store For Sale
Location Prince Edward Island,Canada
Asking Price Range < $250K
Gross Revenues $460000
Net Profit / Cash Flow $460000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1900
Number of Employees 4 - 5
Relocatable No
Number of Employees 4 - 5
Real Estate Owned
Training Owner will provide help and training.
Reason for Sale Too busy for a single, semi-retired person.
Description Solid 150-year-old business in a beautiful growing village in PEI Canada. Prime corner lot at a busy intersection in the heart of the village and the only grocery store in a 15 km radius. Postal outlet, lottery center, attached 3 bedroom apartment for owner or extra income. Includes a year-round ice business with lots of room for expansion. Many recent upgrades and improvements including coffee window, high efficiency furnace, new ice machine, roofing, new two-door cooler for local produce. Located halfway between Borden and Summerside with over a hundred full time workers within half a mile and the only store between two large cottage areas and a new, large trailer park for fishermen who come in May. Store is very old and in great condition, old-fashioned layout, apartment was built in 1985. 2010 gross income over $460,000, growing every year. Asking price of $195,000 includes property, store, ice business. Inventory of around $30,000 will be calculated at wholesale and added at closing. This store is being run by one tired person and has lots of potential for even more improvement with a couple or family who can share the work. Large vent hood included in kitchen and the addition of fries and fresh sandwiches would attract a much larger lunch crowd. Right now we only offer roller grill dogs and sausages and pre-made sandwiches from local vendors. Ice cream business is so busy in the summer that an extra person does strictly ice cream. Turn-key, viable and ready to support your family.
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