Established Canadian businesses - For Sale by Owner - in Canada
Listing # 62903001
Business For Sale
M and M Food Market
Business Location: Alberta Postal Code: T8L Relocatable: No
Food & Related Products Retail Stores & Trade
We are located in Fort Saskatchewan close to Edmonton Alberta. With over 24,000 in population and growing. You have an opportunity to grow this great business!
Annual sales for the last 3 years have been over $900,000. Our stores gross margin is 31%. Head Office does a normalized business plan which states our EBIDTA is approximately $44,000 per year at our current sales. Head Office values the business at 5 times EBIDTA.
MARKET & COMPETITION
Our Head Office is also planning a re-brand and store renovation which some parts have already started with the name change as an example. We have replaced all our signage and some freezer equipment. We have not been told the exact cost to do the complete renovation as of yet. We've been given an estimate of approximately $125,000. We will know more in the next year as to what are specific store will cost.
INCLUDED, EXCLUDED & OPTIONAL
- INCLUDED in the Price -
An M & M Food Market located in Fort Saskatchewan close to Edmonton Alberta, with over 24,000 in population and growing.
- EXCLUDED from the Price -
When you purchase an M & M Food Market, the inventory is not included in purchase price which at time of transfer would be approximately $30.000. There is also a $15.000 transfer/training fee with all re-franchises that is paid to Head Office which is also not included in the purchase price. As this is a franchise business, all potential buyers will need to get vetted and approved by head office to proceed in the process.
DISCLAIMER BusinessSellCanada is not responsible for the accuracy of the information
shown in this "Business For Sale" listing. We provide advertising
space only - we are not business brokers. We do not verify the Seller's
authority. The Buyer should contact the Seller directly and verify the
accuracy of all information to his/her own satisfaction.