Feb 26, 2020 — Opportunity to purchase a well run and established Liquor Outlet in an Alberta progressive town. When the owner first opened this store back in 2012 it was during a boom time in Alberta and business grew and the business prospered until 2016.
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.
This business is located in a busy commercial area close to Walmart and other leading retail and franchise brands. Add in the owners 25 hour work schedule, extensive leasehold improvements and you would be hard-pressed to find a Liquor Store of this quality and value
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.
No phone calls please.