VR Business Sales has completed the sale of a highly profitable Elk Point based liquor store Shotz Liquor and Beer.
HOW IT HAPPENED
Shotz Liquor and Beer is a unique business – located in a small town in eastern Alberta, it had a gross margin that increased from 25% in 2009 to over 31% in 2012, making it very attractive for prospective buyers. We received a total of 216 inquiries of which 20 were qualified, and 3 offers were made. The buyer, who was at the time living in Nova Scotia was highly interested in the business and made an offer before even travelling to Alberta to meet the seller and view the business and location.
As part of VR’s marketing package, the buyer was able to view an HD video of the business and visualize the business without ever setting foot in the store. VR facilitated in all phases of the transaction, from initial valuation through closing. By working with a trusted intermediary such as VR, both buyer and seller were confident in their decision regarding the transfer of the business - the offer to purchase was made and accepted prior to the buyer and seller’s initial meeting!
Summary of Facts
Shotz Liquor and Beer
Number of Prospective buyers
Number of Qualified buyers