This 20+ year old company operates a rural community grocery & liquor store, and the property includes high-income rental units. The store operates year round and is a local essential provider of various grocery items, as well as hardware/paint/plumbing supplies, along with one of only eight PEI liquor agency outlets on the Island.
The retail business has done well during the pandemic, with a 45% jump in sales in 2020, and sustaining at 33% in 2021 (compared to 2019).
Our clients are selling the shares of the company for $1mil, including an internal allocation of $824k for the property and $176k for the retail business.
Prospective buyers should be prepared to discuss with the broker in advance their fit and ability to finance, prior to signing an NDA and receiving further information. Serious inquiries only please!