Almost everything needed to re-open the store is in
place, including good equipment and fixtures; all that is missing is the person who can
come in and bring the business back to when it was earning a large profit
-- and had been for a very long time.
This is oil country and people have money to spend.
The grocery store was showing a gross profit of $450,000 on sales of $1.75
million. The business was sold and the new owners did not do well
and left town.
Our sources tell us that the sales break-down was:
- Groceries $1,148,380 with gross profit of $239,000
- Meat sales $489,000 with gross profit of $166,000
- Produce sales $149,000 with gross profit of $46,000
The feeling locally is that the land is worth $50,000,
the building is worth $200,000, fixtures are worth $20,000, and equipment
is worth $15,000. We believe the equipment and fixtures were originally sold in 2009 for $50,000.
This is a grand opportunity at $275,000.
We will consider all offers.
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BUILDING:
- poured concrete foundation
- gabled roofing with prefinished metal panels
- exterior walls on main building are brick over wood frame
- remainder are prefinished metal panels over wood fram
- walls are painted and/or stippled gyproc
- ceilings are acoustical tile in retail area and painted gyproc
for remainder
LAYOUT:
- Retail Area - 4,032 ft²
- 5 aisles
- 2 tills
- small
office at the front of the store
- Retail, rear addition - 3,487 ft²
- Heated Warehouse - 1,638 ft²
- loading dock
- second walk in freezer (older)
- Mezzanine - 1,344 ft²
- features large windows that overlook the entire store
- Cold Storage Shed on Skids - 80 ft²
MECHANICAL:
-
large walk-in meat cooler - 12' x 16'
- walk-in freezer - 12' x 12'
- walk-in freezer - 12' x 8'
- produce/dairy cooler with 8 glass doors
- several long island freezers and deli
coolers
- 6 compressors run the units (one is brand
new, Dec 2011)
- all cooling systems have been maintained
and serviced
by professional refrigerator repairman
- 2 stand-up forced air gas furnaces with central air to retail
area
- main circuit breaker - 400 amps
- many auxiliary circuit breakers - 200 amps and 100 amps
- ceiling smoke detectors
- suspended forced air gas furnace to heat warehouse
CONDITION:
- exterior - satisfactory
- interior - good
LAND AND TAXES:
- 60' x 78' - 4,680 ft²
- 52' x 130' - 6,760 ft²
- Taxes - $6,000 per year
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For more information
please contact:
C.J. (Cory)
Fiesel
AVP of Credit and Risk
Management
Spectra Credit Union
833 - 4th Street, Estevan
SK S4A 0V8
tel: (306) 636-7781
fax: (306) 634-8922
 cory.fiesel@spectracu.com
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