Turnkey Convenience Store and Bakeshop

Description
Looking for a turnkey opportunity to own a successful business, and have a slower pace lifestyle? Look no further than this thriving convenience store, bakery, and Canada Post location that is the heart of this community.

Located in a bustling fishing village on the Atlantic ocean, this business has been serving the community since the early 1950's, offering a wide range of products and services to meet all of their needs in one convenient location. With a strong reputation for quality and service, this business has built a loyal customer base and has become a staple in the community.

The bakery section of the business features freshly baked bread, pastries, cakes, and desserts, meals to go, and homemade dips all made with high-quality ingredients and expert craftsmanship. The convenience store section offers a variety of groceries, snacks, drinks, bulk items, and household essentials. And as a Canada Post location, the business provides a full range of mailing and shipping services.

With a well-trained and experienced team in place, the business runs smoothly and efficiently, making it a turnkey opportunity for a new owner. There is a long standing staff in place who are managing the store allowing the opportunity for a more hands off owner. Whether you're an experienced entrepreneur or just starting out, this business offers the perfect opportunity to take control of your career and build a successful future.

Don't miss out on this rare opportunity to own a successful business that offers a unique combination of services in a prime location. Contact us today to learn more!

The owner is selling 100% of the authorized and issued share capital of the company. The offering price considers Working Capital is adjusted at $0, meaning the negotiated working capital amount will be in addition to the offering price. See Financial section for more details.

By completing the NDA and becoming adequately qualified, you will be sent a full Offering Memorandum that will answer most, if not all, of your questions when the listing becomes live.

Financial Information
The deal structure is purchase price + inventory, expected to be approximately $100,000.

Annual Revenues and SDE:
Jan. - Jun. 2024 (6-month period in-house FS)
Revenue: $485,000
SDE: $42,000

2023
Revenue: $965,000
SDE: $84,000

2022
Revenue: $1,400,000
SDE: $125,000

2021
Revenue: $1,170,000
SDE: $100,000

SDE is calculated with the inclusion of a Fair Market Value rent expense of $26k which is sufficient to carry a mortgage of approximately $300,000. 2024 SDE of $71k is after $26k total rent expense (2024 is calculated by 6-month period from January to June 2024).

Annual Return on Investment
Based upon a purchase price of $560,000, with an average portion of the purchase price being financed with normal commercial finance terms, we anticipate an annual Return on Investment of more than 50%.
**(Details of these calculations provided upon request)

The vendors have been absentee owners and had lost control of pricing and costs for a short period of time; hence, the impact on SDE for the most recent fiscal year. Within the last three months, there has been a significant shift and change in the operations of the business relative to cost controls, supporting much stronger profitability today and going forward.