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Iconic Family-Owned Grocery Store

Okanagan, British Columbia, Canada

$599,000.00
  • Description
  • Address
  • Details

Description

The Offering

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.

Highlights

  • 23 years in business
  • Locally owned & operated
  • Excellent profitability
  • Experienced and committed management
  • Lotto license
  • Lease assignable OR a new lease negotiable with renewal options
  • Province: British Columbia
  • Country: Canada

Details

Updated on November 21, 2022

  • Property Type: Business
  • Property Status: For Sale

Additional Details

  • Sale Type: Share sale
  • Inventory: Plus approximately $190,000.00