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Thriving St Albert's Local Mealkit Business For Sale

Edmonton, Alberta, Canada
Asking Price:
$75,000 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$312,500 (CAD)
Cash Flow:
Available on request

Before purchasing this business, we were customers, needing this service to support a healthier lifestyle. We did not have experience in the food industry but we believed the business model could grow in servicing busy professionals and families.

This well established local business was the first to offer mealkit service where customers could DIY assemble meals or pickup pre-ordered assembled meals. It has a loyal clientele that continues to grow through word of mouth, social media and regular radio advertising. We remain 1 of 2 independent providers of mealkits. Our meals are fresh, healthy, locally sourced and more flavorful than what's currently available on the market.

The large national/international corporate mealkit companies didn't appear until 4 years after we bought this company and have boosted business by building product awareness and demand. Large competitors ship their mealkits and the demand for local alternatives for this service has helped to grow our company.

We can see continued potential for growth with expansion of our meal subscription service and delivery of monthly mealkits. At present the subscription service is Monday, Wednesday, Friday.
Strong relationships with established vendors and providers are in place.
We created a brand new website that allows customers to order and pay online.

The business enjoys consistent sales and has provided the owner flexible hours, creativity to develop delicious, healthy and easy to prepare meals and the reward of making our clients lives simpler and healthier.

Part of the continued success of this business is the long time staff, who (along with the owner) will help new owners familiarize themselves with the day to day operations.

The business is located in a vibrant, prosperous city. It is situated in a very busy strip mall location with excellent visibility and high volume traffic. The ease of accessing the nearby Anthony Henday makes our business popular for Edmonton and St Albert clientele. The business remained secure and profitable during the pandemic.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Lease

Lease Terms:

The lease is to be renewed in May 2022.

Leasehold Rent:

$33,558 (CAD) per annum

Lease Rent:
$24 (CAD) per sq ft per annum
Location:

Hebert Road, St Albert's

Premises Details:

High traffic strip mall

Size in square feet:
1,413

Business Operation

Expansion Potential:

The population in this region is growing, adding potential for new clientele. The meal subscription portion of our business has now been running for 15 months, it is highly successful and can be further expanded.

Competition / Market:

This company was the first to offer this service in the region and is still only 1 of 2 independent providers of ready-to-cook meals. Although franchise companies have moved into market, the competing companies do not source the same fresh, local products and meals are shipped from elsewhere in North America.

Reasons for selling:

Owner is retiring. The continued success of this business matters to us, so we are happy to work with the new owner and finance a loan if required as part of the sale.

Trading hours:

Mon - Fri 9-6pm, Saturday 9-2

Employees:
7
Years established:
2006

Other Information

Support & training:

The owners are willing to work with the purchasers during the transition

Owner financing:
Owner financing is available. Please contact the seller for more information.
Furniture / Fixtures value:
$25,000 (CAD) - included in the asking price
Inventory / Stock value:
$6,000 (CAD) - included in the asking price
Website:
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Relocatable:
This business can be relocated.

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