MergerPlace

Convenience Store

Nova Scotia


  • Asking Price: $235,000
  • Gross Income: $3,705,118
  • Cash Flow: $24,391
  • Real Estate: Not Disclosed
  • Inventory: $185,181
  • FF&E: Not Disclosed
  • Listing ID: #214902
  • Established: 1992
  • Employees: 3 FT / 6 PT

Business Description

The General store sells tobacco products, lottery tickets, candy, soft drinks, ball caps, keys and other general merchandise to the neighborhood community.


Business Details

Primary Business Category: Retail Trade - Food & Beverage Stores
Location: Nova Scotia

Company Information

Year Established: 1992
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3 FT / 6 PT

Financial Information

Asking Price: $235,000
Gross Revenue: $3,705,118
Cash Flow: $24,391
Inventory: $185,181
Seller Financing Available: No

Property Information

Facilities:

The store is located in a rented area of a small strip mall across from a larger strip mall which is a larger community centre, on the outskirts of Halifax.

Growth & expansion opportunities:

There is space available for rent to grow the products offered. There is also the opportunity for an owner operator to buy more selectively, supervise the operation more carefully, better manage margins by being hands on and increasing sales in higher margin items.

Competition:

There are a few local competitors which compete mostly on the tobacco products.

Reason for selling:

Owner has not operated the store for many years. He has decided to concentrate on his other interests with a view to partial retirement.

Support & Training:

Will train for 8 weeks @ no cost.

Contact Business Seller

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Business Listed By:

Dan Murphy

Murphy Business Brokers