There are a variety of reasons why a business closes. For certain business owners or entrepreneurs wanting to start a business, these assets may provide great opportunities and value.
Due to the change in the Alberta economic environment, and the current health crisis our client has decided to close his metal fabrication business and retire.
The owner is only interested in selling all of the equipment as a package. This opportunity would be perfect opportunity for a hobbyist, or someone interested in to starting a metal fabrication business, or owners of metal fabrication shops who may be interested in adding to their operations.
Asset list:
16 gauge equipment
• 8ft Brake Tennsmith
• 4ft Box and pan Tennsmith
• 52in foot shear Tennsmith
• 0in 3in Roller Baileigh Acme Spot Welder 208/230 volts liquid cooled 15KVA 20 Gauge Flagler Pittsburgh C/W Flanging and Drive Cleat Attachment
110 Volts 22 Gauge 30in Bar folder Sinclair supply 36in bench Mandrell Manual
-Rotar
Asset list:
16 gauge equipment
• 8ft Brake Tennsmith
• 4ft Box and pan Tennsmith
• 52in foot shear Tennsmith
• 0in 3in Roller Baileigh Acme Spot Welder 208/230 volts liquid cooled 15KVA 20 Gauge Flagler Pittsburgh C/W Flanging and Drive Cleat Attachment
110 Volts 22 Gauge 30in Bar folder Sinclair supply 36in bench Mandrell Manual
-Rotary shear
-Easy edger
-Crimper Beader
-Burring -Turning
Plus additional miscellaneous tools.
16-year-old downtown Stephen Avenue well-established licensed restaurant is currently searching for a new owner. The business comes with an extensive amount of equipment and leasehold improvements. Sq footage is approx. 2945 Sq Ft with seating capacity of 85 clients.
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
The Affordable Business Partner is a private consulting, marketing and introduction company. We neither warranty nor make any representations as to the outcome of a business sale or business investments. The Affordable Business Partner is a division of First Step Business & Franchise Consulting Inc. All Rights Reserved.
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