This business was established in 2012 by the present ownership. The sales have shown a steady growth to well over $800,000.00 with a cash flow of $90,155,00. This is a well established business in a progress city with a steady growth. The turn down in the Alberta economy has not effected this business.
The new owners would have to obtain approval by the Franchise to take over the business and there are some costs in relation to the change of ownership. There are a full staff in place with the owners only working about 15-20 hours a week. The new ownership could change this which would see a reduction in the salaries being paid and improvement in the cash flow of the business. The stores leases in currently until June of 2022 with an option for two five year renewals. The lease payments on an annual bases are $35,750 plus common area for 1,300 sq.ft.
The owners have reached retirement age. They are prepared to assist the new ownership with training for a least 1 month at no cost. The Franchise will also provide some training. This store is full equipment and ready to be taken over. We have a full package available to interested purchasers once a couple of forms have been completed.
Contact Mr. Bill Conroy for more information at 403-346-7755