Asset Sales

Due to the change in the Alberta economic environment, and the current health crisis my client has decided to retire and for the right hardworking and opportunist person or family, he is offering an incredible opportunity. 

When opening the store our client initially invested over 250,000 in costs plus additional costs over time in updating the store itself. 

 This store was being operated by the owner as an absentee owner prior to the pandemic and with the change of events, he decided to close the store until things change. 

The owner feels that with hard work a new owner operators can breathe new life into this store and capitalize on its true value. 

 Interested parties must have the funds in hand and be able to demonstrate a solid business plan to the Franchisor to qualify. 

Interested parties must also complete a Buyer’s Profile & NDA prior to financial and confidential information being released. Thank you. 

Business at a glance 

Store size: 350 sq feet. 

Business is located next to a Tim’s Monthly rent: 4,800.00. Includes all operating costs plus parking stall. 

Hours of operation: 11-3 pm Monday-Friday 

When in operation the store was basically breaking even with a supervisor in place. An owner operator would now eliminate this salary of approx. 35,000 per year. 

Estimated Breakdown of costs. *Final numbers may be more or less* 

Transfer and professional fees 20,000.00 Inventory to re-open 3,000.00 

Rent for 3 months 15,000.00 

Staff(2) for 3 months 18,000.00 Miscellaneous Startup costs 4,000.00 Subtotal 60,000.00** Estimated