Business For Sale · Retail

North, Edmonton

North, Edmonton, AB T6V1C1

$489,000 total

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Asset Class

Retail

Size

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Building class

A

Zoning

CSC — Shopping Centre

$ / SF

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Occupancy

86%

Lot Size

3.678688590449954 ac

About this property

Here’s a more polished, buyer-focused version that highlights the **stability, location, simplicity, and upside potential** without overstating the opportunity:### Established Dry Cleaning & Alterations Business — Turnkey OpportunityAn excellent opportunity to acquire a well-established **dry cleaning depot and alterations business operating successfully since 2014**. The current owner has been running the business for over 12 years and is now offering it for sale as part of a planned retirement transition.The business has built a **loyal and established customer base** over the years, supported by its convenient location and limited direct competition in the immediate area. Situated in a **busy shopping centre surrounded by high-traffic retail businesses**, the location benefits from strong visibility, convenient access, and consistent daily customer traffic.The operation is **straightforward and easy to manage**, making it well suited for an owner-operator or entrepreneur looking for an established business with relatively simple day-to-day operations.There is also **significant opportunity for a new owner to grow revenue**. Potential growth strategies include increasing local marketing, targeting surrounding households and businesses, expanding alterations services, introducing pickup and delivery, and developing recurring commercial accounts.The total monthly occupancy cost is approximately **$5,500, including base rent and operating costs**, with utilities billed separately. The business is supported by a **long-term lease with a renewal option**, providing continuity for the incoming owner.### Key Highlights* Operating successfully since **2014*** **12+ years under the current ownership*** Established and loyal customer base* Limited direct competition in the immediate area* High-traffic shopping-centre location* Strong visibility and convenient customer access* Simple, manageable day-to-day operations* Suitable for an owner-operator* **Growth potential through marketing and pickup/delivery services*** Approximately **$5,500/month rent including operating costs*** Long-term lease with renewal option* Owner selling due to **retirement*** **Turnkey operation with an established market presence*** **High end equipment and leasehold improvements cost $400,000 plus**This is a compelling opportunity for an entrepreneur seeking an **established, easy-to-operate service business with a proven operating history and multiple avenues for future growth**. (id:66811)

Financial sandbox

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Estimate
Purchase price$489K
Down payment30% · $147K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$22K

Annual cash flow

$-5K

Cash-on-cash

-3.61%

DSCR

0.80

Going-in cap

4.46%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

98,338

Households

37,308

Median income

$78,000

Median age

43.5

Daytime population

88,502

5-yr growth

5.9%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for North, Edmonton.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.