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$ 249,000
Est. payment | /mo
1,878 SqFt
$ 249,000
Est. payment | /mo
1,878 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Pending
Purchase Type For Sale
Square Footage 1,878 sqft
Price per Sqft $132
MLS Listing ID A2277825
Year Built 1991
Property Sub-Type Retail
Property Description
This is a turnkey liquor store for sale. The business is profitable and ready to operate. The price includes all business assets. Inventory will be calculated separately. The real estate is not included in this sale. The store occupies 1,878 square feet and maintains a high gross profit margin between 24% and 27%. The base rent of $30 per square foot is highly competitive compared to other major shopping centres. Operating costs include all utilities except for electricity. The current lease is secure until May 2029,with an additional five-year renewal option. Located in a high-traffic area,the business benefits from a loyal customer base and a clean,modern facility. There is significant potential to increase revenue by extending the current operating hours. Staying open until 2 am would allow the owner to capture high-margin late-night sales from existing regular hours(Monday - Thursday: 10:00 am - 9:00 pm,Friday - Saturday: 10:00 am - 9:30 pm,Sunday: 10:00 am - 8:30 pm). Further growth can be achieved by introducing delivery services or expanding the product selection. The current owner will provide full training to ensure a smooth transition for the buyer. Serious inquiries only.
Location
Province AB
County Cal Zone Ne
Area Cal Zone Ne
Interior
Inclusions The vendor will provide an equipment list.
Fireplace No
Exterior
Garage No
Building
Dwelling Type Retail
Others
Restrictions Landlord Approval
Listed by First Place Realty