Under Offer
Discount Food Supermarket
With sales of $3.5M and a before-tax net income of ten times a typical chain store, a unique-concept discount supermarket is for sale in the business and commerce hub of the Kawartha Lakes region northeast of Oshawa. Having been in operation for over 12 years, this highly successful store operates as a conventional full-service supermarket with a full-range of brand-name products yet is unique in additionally specializing in stocking close-out inventory with weekly specials to meet local demand for extreme low-cost groceries in today’s inflationary economic environment. The business has an excellent location along a major highway, which gives it access to local residents, regional consumers looking to stock on exceptional product deals, and seasonal cottagers and tourists. Contributing to the success of this business, is an established network of long-term relationships with suppliers of overstock grocery items that can readily be extended to the opening and/or franchising of new stores in regions where the low-cost overstock retailing model would be a good fit. The owner is looking to retire, and the landlord is open to selling the property or leasing the business premises.
Listed By: Gary Brooks
Background information
Reference:
152473-GB
Year established:
2011
Reason selling:
Retirement
Finance
Sales:
$3,500,000
Profits:
Undisclosed
Profit type:
Undisclosed
Operations
Inventory:
$100,000
Premises
Square footage:
8,000 sq. ft. (includes 2,000 sq. ft. of back-end warehouse space)
Price and terms
Price:
Undisclosed