Red Deer, AB T4P0J7,53 Burnt Park DR #B4
See all 8 photos
Red Deer, AB T4P0J7,53 Burnt Park DR #B4
Red Deer, AB T4P0J7,53 Burnt Park DR #B4
Red Deer, AB T4P0J7,53 Burnt Park DR #B4
Red Deer, AB T4P0J7,53 Burnt Park DR #B4

$440,000

Est. payment /mo

$449,000

2.0%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

53 Burnt Park DR #B4 Red Deer, AB T4P0J7

SOLD DATE : 11/06/2024

Key Details

Sold Price $440,000

Property Type Commercial

Sub Type Industrial

Listing Status Sold

Purchase Type For Sale

Subdivision East Burnt Lake

MLS® Listing ID A2156875

Sold Date 11/06/24

Originating Board Calgary

Year Built 2007

Annual Tax Amount $13,636

Tax Year 2023

Property Description

An extremely easy-to-learn and easy-to-manage, PROFITABLE business is up for sale along with its building, land, and equipment. The building and land are of premium type, which come with valuable leasehold improvements. The equipment is very valuable, expensive and numerous. If you have a penchant for a hands-on type of work and have a passion to generate great profits and win social prestige, look no further.

As per the financial documents of the last two years, the annual net profit exceeds well over $100,000. The imminent drop in interest rates promise even greater sales than any of the preceding few years. The business shall come with a database of customers, making it easy for the new buyer to take off even at a better footing on the way to making even higher profits. In light of this, the business is priced at a rather lower price with an intention to sell. The owner has run this business with dedication for 3 decades and now is selling it mainly with a view to retire for health reasons.. The business enjoys a great strategic location, with an easy and direct access from Edmonton-Calgary Highway and the Highway to Sylvan Lake and Rocky Mountain House.

The owner has built a neat organized system. It is so easy that it can be likened to switching the plug from one socket to another. In essence, he is a general contractor. It enjoys a great reputation, and no other business can hold a candle to it in this category. It enjoys a large pool of loyal, long-standing repeat customers including, but not limited to, government departments (e.g. Canada Post), institutions, seniors' homes, etc. The bulk of the work is sublet to other subcontractors, which are in a smooth business relation with him. More often than not, the subcontractors already know what work is coming next and are already prepared to finish it without even being told. The owner has sustained very high standards of performance, and hence only those contractors are with him who can maintain such. The database of customers and subcontractors shall be provided. The flow of work orders is seamless and easy and manageable. Adequate training shall be provided.

There is an infinite scope to generate more wealth with this business. For instance, in around 2016, the turnover was around $1m. This business comes with a net profit ratio at 35% of the total business. And currently there is more scope than was the case in 2016. If you have a passion, vision and ambition, then come, go for the kill. Wait no further.

There are some parking slots on the front and in the back. One on-site Sea-Can may be included with the sale. Terms can be negotiated. The place also features a washer-dryer, a reception area, one office, a staff kitchen and one well-equipped workshop. You can choose to build a second floor too, with various possibilities, which may include constructing a mezzanine, offices, and security-related residential quarters, etc. There shall be an option to apply for several LMIA's too.

Location

Province AB

County Red Deer

Zoning I1B/AD

Others

Restrictions None Known

Tax ID 91574533

Ownership Leasehold

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Listed by DreamHouse Realty Ltd.

Jasben Lai

+1(403) 689-5512

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.

Free Account Required