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Long established supermarket selling fresh flowers, general groceries, fresh produce, frozen poultry/meat, cigarettes and lotto in the blooming City of Cloverdale. Business premises is a corner unit 13700 sq ft, centrally located at the heart of the business area on 58th Avenue and 176th Street, with over 20 parking spaces. The back lane features a separate entrance for suppliers.
Store is equipped with walk-in cooler and freezers, food preparation area and plenty of storage. Business is easy to operate with owner(s) and two employees.
Property is also for sale. Total selling price for business and property $1.45 million.
Annual sales over 1.36 million dollars.
PLEASE DO NOT DIRECT APPROACH AND RESPECT THE SELLER AND THEIR STAFF.
ALL INFORMATION THROUGH PHILIP HUI & ASSOCIATES PLEASE.
YEARS IN BUSINESS 30 + year(s)
FLOOR AREA 6000 sq ft.
EMPLOYEES Fulltime: 3 Part time: 3
LEASE TERM Property owned
PARKING 20 free market parking, plus street parking
ADDRESS
58 176 street, Cloverdale
ASKING PRICE $ 1.45 million property and business
BUSINESS HOURS
Monday - Friday: 08:00 AM to 08:00 PM
Saturday: 08:00 AM to 08:00 PM
Sunday: 09:00 AM to 07:00 PM
MONTHLY SALES
Lottery Sales: $ 127,000 (year)
General Grocery: $ 720,000 (year)
Cigarette Sales: $ 165,000 (year)
Produce: $ 170,000 (year)
Others: $ 127,000 (year) meat/poultry
MONTHLY GROSS INCOME $ 350,000 (year) = $ 29,166/month
MONTHLY OPERATING COSTS
Gross Rent: $ 96,000 (year)
Employee Wages: $ 52,000 (year)
Hydro: $ 15,000 (year)
Insurance: $ 6,000 (year)
Phone Interac: $ 600 (year)
Waste Removal: $ 1,080 (year)
Security Alarm: $ 360 (year)
Others: $ 10017 (property tax/year)
MONTHLY EXPENSES $ 181,057 (year)
MONTHLY NET INCOME $ 168,943 (year) = $14,078 per month
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