$440,000
$449,000
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53 Burnt Park DR #B4 Red Deer, AB T4P0J7
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
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