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Iconic Family Owned Grocery Store For Sale

Okanagan, British Columbia, Canada
Asking Price:
$780,000 (CAD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

This iconic family-owned grocery store has been serving its neighbours for more than 23 years. Established as the “Neighbourhood Market”, this store carries high-end items to serve the wealthy households in the immediate area, as well as convenience items for the local schools, youths, and average daily shopper. The owners have built their business with customer service at the forefront to create a shopping experience for customers. As a result, they have developed an enormous following of local repeat and loyal customers. The store offers local and organic food selections, full-service deli and catering services, large fruit & vegetable market, ethically raised meats, eggs, dairy, cheese, convenience items and much, much more. Over the last five years, the top-line revenues have grown steadily. The store’s management, processes, procedures, and product offerings bolstered them in defending against the COVID-19 pandemic. The owners are interested in retiring and handing the store off to an owner-operator that will continue with their legacy.

Property Information

Real Estate:

Lease

Lease Terms:

Lease assignable OR a new lease negotiable with renewal options

Location:

Anchor tenant in a strip mall setting with complimentary neighbours

Business Operation

Reasons for selling:

Owner is retiring

Years established:
23

Other Information

Support & training:

24 F/T & P/T Staff
1 F/T owner as General Manager , 1 P/T owner as bookkeeper
Experienced and committed management
Transition and seller involvement beyond closing is included
Inventory counted by third party on or before closing

Inventory / Stock value:
$190,000 (CAD)

Contact Lee & Associates Vancouver

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