Highly Sought After Convenience/Grocery Store

Business Overview

Business Status: Available
This grocery/convenience store is located in a high-traffic tourist area that experiences very minimal seasonality as this destination is popular year-round. Sales have consistently increased over the years (9% increase since F2016) as a result of increased foot traffic. Given that there is no direct competition nearby, gross margins have remained consistently high over the years which is why EBITDA has grown consistently over the years (41% growth since F2016). The owners have done an effective job of putting standard operating procedures (SOP) in place and hiring competent staff who can manage the daily operations of the business. This allows the owners to monitor the business on a part-time basis. This convenience/grocery store is very fortunate to have secured a large Canadian food retailer as a primary supplier, as it is one of only a few locations classified under the Affiliated Independent banner to be permitted to sell their nationally recognized private label brands. A more recent development in the works is the rights to sell Wine and Beer in the store. Although official approval is pending, this initiative is estimated to yield an additional $200,000 in sales per year or $50,000 in overall profit. Seller is willing to stay on for a reasonable timeframe to ensure a smooth transition

Business Profile

Industry: Convenience/Grocery
Location: Ontario
Founded: 2007
Number of Employees: 7

Financial Information

Asking Price: $825,000
Revenue Summary: Consistent year-over-year growth of 3% per year. Sales projected to grow by $200,000 upon approval of Wine & Beer sales.
EBITDA Summary: Stable earnings with overall uptick of 40% or $65,000 since F2016. EBITDA projected to increase by $50,000 upon approval of Wine & Beer sales.

Revenue

FYE Normalized
2019 $1,800,000
2018 1,750,000

EBITDA

FYE Normalized
2019 $225,000
2018 $210,000

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