Price: $3200000

Location: Western Quebec

Province: Quebec

Industry: 445 Food and Beverage Store

Description

Highly profitable convenience store located on a well-trafficked thoroughfare for sale in Western Quebec. In addition to the traditional items found in a convenience store including beer, the business is also licensed to sell beer, coolers, and wine as well as boasts an SAQ outlet, a Canada Post outlet, and a Purolator drop-off.
They serve freshly made sandwiches, pastries, as well as coffee which brings several customers on the way to work in the morning. All the fixtures and equipment in the store including fridges, shelving, and counters are brand new. In addition, the municipality has already approved the addition of gas pumps. With growing revenue and increased sales due to the excellent selections of goods, this is a great opportunity for a buyer.
The asking price includes the building and land appraised at $2M. It also includes rental apartments, with high-quality finishes that can also be used as a residence by a new owner. Please note, rental income is not included in the stated revenue.

LISTING DETAILS

Total Sales: $3,500,000

Cash Flow: $315,000

EBITDA: $265,000

FFE: $393,000

Operation

Year Established: 2001

Year of last Acquisition: 2021

Days & Hours of Operation: 7 days a week

Location

Real Estate: $2,000,000

Real Estate Included: Yes

Square Footage: 5372

Summary

Facilities Information:

The owner renovated the building completely and build 2 appartments and one office upstairs. One of the appartment is rented on a month-to-month basis. The office is rented to a professional. The larger appartment is available for the new owner or can be rented. There's also a garage rented to the current owner's business. The revenue does not include rental income.

Reason For Sale:

The owner wishes to focus on his other businesses.

Training & Support:

The owner will offer training to the buyer.

Historical Summary:

The business was established in a former location neaby but since the reopening in 2021, the business has flourished.

Competition:

No competition within 10 km.

Potential Growth:

Many growth opportunities, such as adding gas pump or a chip stand on the premises.

LISTING BROKER

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