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New Price M And M In Bc For Sale

British Columbia, Canada
Asking Price:
$595,000 (CAD) Furniture / Fixtures included
Sales Revenue:
$1,400,000 (CAD)
Cash Flow:
$130,000 (CAD)

M & M Food Market in the Sunny Okanagan! – Join the franchise that has been providing excellent food choices for over 25 years!! This location offers the new owner sales in the $1.4M range, an excellent lease with extension and an established customer base that could easily be grown with a bit of additional marketing. Reasonable down payment of only $120K+/- could have you in business ownership by summer 2021. Potential annual cash flow to the new owner of $140K+/- in your first year of operation is a reality! This store was renovated within the past few years, so is current and ready for new ownership!

Property Information

Real Estate:

Lease

Lease Terms:

Options to Renew: One Option to Renew of 5 Years
Base Rent: Aug 2019 – Jul 2020: $27.05/sq.ft. = $3,424.45/mth = $41,093.44/Yr (+ GST). Aug 2020 – Jul 2021: $27.85/sq.ft. = $3,527.19/mth = $42,326.24/yr (+GST). Aug 2021 – Jul 2022: $28.70/sq.ft. = $3,633/mth = $43,596.03/yr (+GST)
Additional Rent: Estimated: Jan 1, 2020 – Jul 31, 2020: $5.45/sq.ft. = $1,379.17/mth (+GST). Aug 1, 2020 – Dec 31, 2020: $5.46/mth = $1,383.81/mth (+ GST)
Total Rent: Jan 1, 2020 – Jul 31, 2020: $4,803.62/mth (+GST). Aug 1, 2020 – Dec 31, 2020: $4,911.00/mth (+GST).
Current Lease Term: 5 Years. August 2017 to July 2022
Lease Life: Extends to July 2027 Including the Option to Renew

Location:

In a strip mall

Premises Details:

1,519 Square Feet

Size in square feet:
1,519

Business Operation

Reasons for selling:

Contact Team Hansen For Details

Trading hours:

Monday - Friday: 9:30 AM to 8:00 PM
Saturday: 9:30 AM to 7:00 PM
Sunday: 10:00 AM to 6:00 PM

Employees:
4 Part Tiime
Years established:
26

Franchise Information

Franchise opportunity:

Franchise Resale

Other Information

Support & training:

Contact Team Hansen for details

Financing available:

Contact Team Hansen For Details

Furniture / Fixtures value:
$120,000 (CAD) - included in the asking price

Contact Century 21 Advantage Commercial

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