Thriving Convenience Store w/ Real Estate

Description
Is it your time to become the driving force of this community staple, one that has proven to be both a requirement and an appreciated supplier of convenience and other desirable food, personal, or household items? This updated, well respected and patronized, and highly rated convenience store, with a wonderfully inviting 3-bedroom owners’ suite will provide qualified and motivated buyers with both a secure base of business as well as opportunity to expand the product and/or service offering. Strong customer demand has proven to exist in this growing rural area, located not more than 45 minutes from downtown Halifax.

A few key highlights that support the positioning of this business’ future:
1. Most critical equipment items have been purchased new in the last 2 years and significant renovations have been made, providing you with a solid capital base that requires no further or near-term additions. Turn-key, ready to go, with confidence the years ahead are unlikely to require reinvestment.
2. The owners have owned the business for almost 3 years. Understanding the efforts they’ve made thus far, it’s clear there are immediate opportunities for improved supply arrangements, adding additional demand from the community and improved profits for the business.
3. Perhaps you’re a family who values working together, supporting / teaching entrepreneurship and many of the values successful business ownership requires. Family business is almost always more profitable than otherwise, with increased customer satisfaction, reduced labour costs, and increased profits.
4. The local area’s continued growth for the foreseeable future is sure to be a boon for increased revenues.

Now is always a great time to make the commitment to become the owner of a well-established, profitable, bankable business that can lead you to experiencing the many benefits that exist.

The offering price considers the company will be debt free and inventory will be counted and adjusted to the final price at closing. (Inventory is in addition to the offered price) See Financial section for more details.

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

Financial Information
The fiscal year end is May 31 2024 Revenues: $970k with Cost of Sale 73% SDE: $122k 2023 Revenues: $901k with Cost of Sale 70% SDE: $113k Inventory is expected to be in the $65k - $75k range, depending on the day of closing.

Operations
The property is approximately 2.3 acres in size, serviced by onsite septic and well, supporting the + or - 5000 sft of space, over 3 levels, of which one level is a walk-out undeveloped basement, used for storage. The fully renovated 3 bedroom owners' suite is located above the store and provides the owners with a 2 level deck to enjoy the peace and quiet of the outdoors. There are 2 out buildings, as well as an addition to the main structure, used for personal and/or business storage.