Here is an ESTABLISHED HARDWARE BUSINESS FOR SALE – Riverbend Centre
TURN-KEY OPPORTUNITY to own a REPUTABLE HARDWARE BUSINESS in the heart of RIVERBEND CENTRE! This 1,401 Sq Ft Retail Space offers EXCELLENT EXPOSURE within a BUSY Shopping Centre + benefits from UNLIMITED SHARED CUSTOMER PARKING, w/2 parking stalls directly IN FRONT of the STORE! This LONG-STANDING COMMUNITY BUSINESS has built a strong reputation by combining traditional hardware retail with a wide range of specialty services that generate steady foot traffic and repeat clientele. The store is efficiently laid out with a FUNCTIONAL Retail Sales area, Storage room, A/C, and a 2-PIECE WASHROOM, allowing for smooth day-to-day operations. A major advantage of this opportunity is the LEASE RENTAL STRUCTURE (+ GST), with LEASE RATES LOCKED IN UNTIL 2030 WITH ONLY ONE SCHEDULED 3.3% INCREASE, providing predictable occupancy costs. There are 4 YEARS REMAINING ON THE CURRENT LEASE WITH AN ADDITIONAL 5-YEAR RENEWAL, offering long-term stability for the next owner. The business currently operates 9:00 AM – 6:00 PM MONDAY THROUGH SATURDAY AND 10:00 AM – 5:00 PM ON SUNDAYS, serving a LOYAL customer base throughout the surrounding Riverbend and Southeast Calgary communities. In ADDITION to hardware retail products, the business provides numerous IN-DEMAND services including key cutting, re-keying door locks and deadbolts, watch and FOB battery replacement, skate sharpening, tool sharpening, fishing and hunting license sales, UPS and FedEx access point services, tool rental, as well as paint tinting and shaking. These services create MULTIPLE REVENUE STREAMS and bring customers BACK REGULARLY! The business may be purchased TURN-KEY WITH TRAINED STAFF IN PLACE, allowing for a smooth transition and continued operations from day one. With PURCHASING THE EXISTING INVENTORY (INCLUDED in LIST PRICE!), making it easy for the next owner to step in and continue serving the established customer base. THIS IS AN EXCELLENT OPPORTUNITY FOR AN OWNER-OPERATOR OR ENTREPRENEUR TO ACQUIRE A PROFITABLE, SERVICE-ORIENTED RETAIL BUSINESS IN A PRIME COMMUNITY SHOPPING CENTRE LOCATION WITH A SECURE LONG-TERM LEASE! Book today!
Essential information
MLS® number
A2287492
Status
Active
Price
$383,000
Lease rate
$5,833 Monthly
Property type
Commercial
Type
Retail
Transaction
For Lease
Restrictions
Development Restriction, Landlord Approval, Lease Restriction
Building area
1,401 sq ft
Year built
1996
Structure
Retail
Listing brokerage
RE/MAX House of Real Estate
Source
Pillar 9™ MLS® System
Interior
Heating
Forced Air, Natural Gas
Cooling
Central Air
Included
Please see the Supplements
Exterior and construction
Construction
Brick, Stucco, Wood Frame
Roof
Metal
Foundation
Poured Concrete
Lot features
City Lot, Landscaped, Level, Low Maintenance Landscape, Near Public Transit, Near Shopping Center, No Back Lane, Paved, Street Lighting
Zoning
C-C2 f1.0h18
Commercial
Business type
Hardware
Services
Utilities
Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Community
City
Calgary
Province
AB
Postal code
T2C 4E4
Where it is
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Approximate location, plotted from the listing’s own coordinates.
Business valuation calculator
SDE is what the business earns an owner who works in it — profit with the owner’s own pay, interest, depreciation and one-off costs added back. EBITDA leaves the owner’s pay in as a cost, because it assumes a manager does the job. Small businesses are usually priced on SDE and larger ones on EBITDA, and mixing them up is how a buyer overpays.
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23 photos$820,50019 Railway Avenue N, Marwayne