Feb 29, 2020 — With the opening of a couple of competing new outlets, plus the slowdown in the Alberta economy in 2016 sales growth slowed down. Instead of making excuses, our client spent considerable time and money over the next few years to learn new & different ways to increase clientele, retail sales and profits.
The results from the lessons learned by the owner is that this well-operated business has experienced increased sales & profitability over the last 3 years.
Our client is willing to work and share lessons with the new owners to ensure many more successful years to come.
Monthly lease costs: $ 4891.25
Common area costs: $1075
Time remaining on the lease: 14 years Approx.
Gross sales: 2017 $537,156 2018 $ 726,949 2019 $1,060,000
Normalized Net Income: 2017 $37,000 2018 $42,000 2019 $81,000 ( With manager in place and owner only working 25 hours per week)
More detailed information is available for interested parties once a buyer’s profile and NDA has been completed.