Business For Sale · Retail

1920 10 Avenue, Rural Red Deer County

1920 10 Avenue, Rural Red Deer County, AB T0M1V0

$479,900 total

1,060 SF

Asset Class

Retail

Size

1,060 SF

Building class

B

Zoning

CSC — Shopping Centre

$ / SF

$453

Occupancy

85%

Year Built

1940

Lot Size

0.2699954086317723 ac

About this property

TURNKEY BAKERY OPPORTUNITY IN SPRUCE VIEW, ALBERTA! Own a well-established bakery business together with its building and land, prominently located along the highway through this welcoming Central Alberta community. After many successful years serving local residents and visitors, the current owner has decided to retire, creating an exciting opportunity for someone ready to carry on the bakery’s tradition or bring fresh ideas to the space. The inviting storefront offers a welcoming bakery entrance, outdoor tables and highway-facing signage. Inside, the premises have been extensively renovated and updated, creating an attractive space for customers and a practical setting for daily operations. A newer addition provides an ice cream area with a convenient walk-up ice cream service window, offering another way to serve customers during warmer months. A separate side window may offer potential for drive-through service, subject to any required municipal approvals. The sale includes the bakery business, the building, the land and the equipment needed for its operation. Much of the equipment is approximately three years old. The bakery also has an active Facebook page, offering an established online presence that a new owner may be able to continue. The seller is willing to provide training to help the purchaser become familiar with the business and its operations, making this an appealing opportunity for an owner-operator. Numerous property improvements have been completed over the years. Features include updated electrical panels rated at 200 amps and 100 amps, updated plumbing, newer bathroom plumbing, vinyl flooring in portions of the building, vinyl windows, metal roofing and metal siding. The forced-air furnace, hot water tank and sump pumps have been replaced. Exterior electrical outlets add convenience. A customer washroom was added at the front, together with an accessibility ramp. Buyers are encouraged to confirm the age, condition and specifications of all impr ovements and equipment. Paved parking is available at the front, with fencing along the east side and signage facing the highway. The visible location helps introduce the business to passing motorists as well as customers from Spruce View and the surrounding rural area. This community is surrounded by farmland, acreages and recreational destinations and is within driving distance of Red Deer, Sylvan Lake and Innisfail. The neighbouring vacant commercial lot is offered for sale separately, creating an option for buyers who would appreciate additional land. Two bin shelters currently situated on that neighbouring lot may also be purchased separately for an additional $5,500 for both; they are not included in this bakery listing and can be removed if not purchased. A rare chance to acquire a long-running local bakery with its real estate, equipment, ice cream service area and an owner willing to assist with the transition. Bring your energy and ideas to this established Spruce View location! (id:66811)

Financial sandbox

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Estimate
Purchase price$480K
Down payment30% · $144K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$22K

Annual cash flow

$-5K

Cash-on-cash

-3.37%

DSCR

0.82

Going-in cap

4.53%

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.

Rent roll (estimated)

TenantAreaExpiry
Lakeview Physiotherapy905 SF2027-10

Area demographics

Trade area within 3 miles of the property.

Population

140,663

Households

53,744

Median income

$95,000

Median age

31.8

Daytime population

138,030

5-yr growth

7.8%

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

Secure deal room

Confidential diligence documents for 1920 10 Avenue, Rural Red Deer County.

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.