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Profitable Gas Station with Supermarket & Liquor

Description

This grocery store first opened in 1957 as a small store. In 1985 a new 6,200 sqft supermarket opened its doors. The new store now has enough space for proper coolers to sell fresh meat and produce, as well as space for more product variety. The business has been steadily growing since and equipment was updated to keep abreast of the times. The owner’s oldest son slowly began to take a lead role in the business.

 

In 1992 an electrical fire resulting from a surge in the power line destroyed the building. At the end of the year the new 9,000 sq-ft reopen for business under the son’s leadership. The new facility features a much larger produce department and many more meat cases. It also has a deli counter case and a larger frozen food section.

 

In 1996 Canada Post and Alcohol NB were added to the facility, and in 2004 Irving Oil was one of the other services added to the business to make it what it is to date. With a long history of success, the two brothers are ready to retire.

 

The sale is structured as a sale of 100% of the authorized and issued share capital of the company. Working Capital shall be adjusted at $0. By completing the NDA and becoming a qualified buyer, we'll be happy to send you a full Offering Memorandum that will answer most all of your questions.

Financial Information

$2,100,000 plus inventory.

 

2021
Revenue: $5,400,000
SDE: $291,000

 

2020
Revenue: $5,270,000
SDE: $294,000

 

2019
Revenue: $4,335,000
SDE: $215,000

 

** Seller's Discretionary Earnings (“SDE”) is a calculation of the total financial benefit that a single full time owner-operator would derive from a business on an annual basis. SDE is the pretax and pre-interest profits, before non-cash expenses, owner's benefits, one time investments, and any non-related income or expenses. SDE may require that expenses be adjusted if a new owner (Purchaser) will necessarily need to take on a new expense. SDE is also referred to as Adjusted Cash Flow, Total Owner's Benefit, Seller's Discretionary Cash Flow, or Recast Earnings.

 

** Our expectations are for a minimum 40% down payment on the final negotiated purchase price. Feel free to run some of your own calculations here:

 

https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/financial-tools/business-loan-calculator