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March 30, 2020
Misura Berteit & Associates - Resources for Businesses during COVID-19

We at Misura Berteit & Associates understand that the events of the last few weeks have left a lot...

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Rob Campbell - RE/MAX Real Estate (Central) : Blog : Latest Blog Posts

March 30, 2020
Covid 19 Payroll Subsidy Info
For employers, we are getting more detail on the payroll subsidy:
https://www.singleton.com/2020/03/co...
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Business Owner Update - Friday March 27, 2020

Business Owner Update - Friday March 27, 2020


Today the Federal Government and Bank of Canada finally...

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Here Is A New Listing That I Just Posted At Calgary


Here is a new listing that I am happy to post at Calgary.

Wow! Great profitable pub in...

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COVID 19 - The Emerging "Stress Factor"

In talking to many of you this week, the number one emerging issue is stress.   The rapid...

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Misura Berteit & Associates - Resources for Businesses during COVID-19

We at Misura Berteit & Associates understand that the events of the last few weeks have left a lot...

More...

Welcome

LATEST STORIES For Today's News From Around the Web..


Here is a new listing that I am happy to post at Calgary.

Wow! Great profitable pub in North Calgary with 4 VLT's

Lots of regulars with easy access to Deerfoot and McKnight Blvd. Located in a newly renovated shopping area with lots of parking. VLT's cover the lease, delivery and sales contribute to the net profit. Owner is retiring. Shows very well, book a showing today!

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Here is a new listing that I am happy to post at 30 4307 130 AV SE in Calgary.

6,605 sqft Stand Alone Restaurant in SW Calgary, at an UNBELIEVABLE rent number!

At an asking price of $150,000, this is a fantastic opportunity for someone to expand their restaurant operations. The facility is still fully equipped, with all the kitchen equipment & furniture still in the building.

The Lease has approximately 4 years remaining with 2 x 5yr options as well. The building is broken down into a restaurant and lounge, with a large kitchen suitable for volume production and a rear access for skip the dishes pickup.

If you would like to tour this opportunity, please call me and we can set it up.

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Here is a new listing that I am happy to post at Calgary.

Fully Built Out and Equipped 1700+/- SqFt Restaurant Space for Lease

This is a vacant restaurant space that is ready for your concept, just a quick make over and you are in business. The space was completely renovated less than 18 months ago, and it was VERY well done. There is no venting in the kitchen, and it is not feasible to install without a large cost, so this will need to be a concept with no “grease laden vapor”.

 Some of the focal points are;

  • Commercial dishwasher area
  • Walk-in Cooler and Freezer
  • Large Prep Area suitable for catering
  • Take n Go Cooler
  • Cold Prep Table Counters
  • TV Systems for Menus
  • Bose Sound System
  • 2 Washrooms

 The area is very busy with traffic at all times of the day and night, this is a great opportunity in one of Calgary’s most vibrant communities. It was also previously licensed for Liquor...

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Here is a new listing that I am happy to post at 3 2220 20 AV NW in Calgary.
Pizza Delivery and Take-Out locations in NW Calgary are hard to come by, and this one is in a great upscale area. It was built all new a few years ago, from scratch, so the equipment is in great shape and the store is VERY clean. There is the chance of expanding into the next door bay if you would like to make the space larger and offer more on the menu. All you would need to do is put in a vented kitchen...and the sky's the limit! The current operation only runs on VERY limited hours, about 22hrs a week right now, so you could make this an EXTREMELY profitable little pizza place. Call to get all the info and discuss it in more detail.
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Here is a new listing that I am happy to post at #30 Market BV SE in Airdrie.
Indian Eat in / Take out Restaurant A 35 seat Indian restaurant that combines a seated restaurant with a bit of a Quick Service feel, perfect for the area that it’s in. Surrounded by both residential and commercial districts, the client mix is very diverse. The bulk of the business is Take Out and Delivery with Skip The Dishes, but you also get people coming in for lunch or dinner when they don’t feel like cooking at home. The eat in market segment has room for growth through active flyer marketing. Lots of surface parking for your customers, the rent is $4800 a month with 7years remaining on the current lease and another option. If you would like more details on this business please call and we can discuss it further.
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Here is a new listing that I am happy to post at 110 Main AV W in Sundre.

Three separate Retail bays of varying size for lease in Sundre, AB

Located in the middle of downtown Sundre with great visibility on Main St W (Hwy 27), with a daily traffic of over 20,000 vehicles. This is a modern, well maintained building that was built in 1991.

There are 3 individual bays easily suited for Restaurant, Retail or Office available for lease;

  • 951sqft, 
  • 1921sqft 
  • 3638sqft.(Restaurant with Driv-Thru)

Each bay's utilities are separately metered and has their own independent HVAC System. Each Tenant has a spot on the free-standing pylon sign next to the road. The parking lot is easy access and has 45 shared stalls.

The larger space is a recently closed restaurant with an approved drive-thru and a fully vented kitchen. There is also a current Approved DP for Cannabis in one...

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Here is a new listing that I am happy to post at Listing # 347.

Well Equipped Food Truck For Sale in Calgary

Building a Food Truck from scratch can be a very expensive project, so this is a very cost effective way to get into the business. You don't need to waste time with getting all of your design and work approved by The City and AHS, this has all been done for you. 

This GMC Cube conversion is a very versatile layout and could be used for almost any type of food operation. Some of the basic equipment includes;

  • Dual Propane Tanks
  • 2 Door Cold Prep Table
  • Canopy with Fire Suppression
  • 2 Compartment Sink w/Wand
  • Charbroiler
  • Flat Top Griddle
  • Double Stock Burner
  • 2 Deep Fryers
  • Generator

If you are interested in having a look at this opportunity, please call me and I will set it up for you.

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Here is a new listing that I am happy to post at Calgary.

Beautiful “Like New” Restaurant / Pub in SW Calgary

Completely renovated a few years ago, this 5000sqft location will be a very easy conversion to whatever concept you have in mind. The buildout in this room is absolutely beautiful, with an open concept and great sight lines. The large bar is a focal point in the room, lots of wood for happy hour drinkers and regulars, but still has a feel that is good for families and large groups.

A well laid out kitchen that can easily handle the food volumes of a busy place and still be able to do a brisk takeout and Skip business if that’s your thing. The equipment is very well maintained, lots of cooler space and a state-of-the-art draft system.

There is a 60 seat patio, tons of parking to utilize throughout the day, and lots of traffic from the surrounding area.

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Here is a new listing that I am happy to post at 1052 17 AV NE in Calgary.

Profitable Pub in a Great Location

Superb Opportunity to own a large, busy and profitable pub in a superior location with excellent exposure. The 10 VLTs are a very nice profit center and patrons really enjoy having them.

It is a well established business, with lots of regular clientele,  long term staff and the stage area makes for great concerts! This business seriously benefits from its own parking lot with plenty of space, the city has approved plans for a patio, which will boost business further in the Summer!

Don't hesitate to reach out and make a move - opportunities like that won't last long!!

NOTE: a signed confidentiality agreement is required for address disclosure.

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Top 5 Employer Options During The Coronavirus Pandemic
Kim Nutz of Sunstone Legal provides a list of the Top 5 Employer Options During The Coronavirus Pandemic for Alberta employers
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Covid 19 Payroll Subsidy Info
For employers, we are getting more detail on the payroll subsidy:
https://www.singleton.com/2020/03/covid-19-the-canada-emergency-wage-subsidy/
  • $847 per employee per week or 75% of up to $58,700 salary, whichever is less
  • Still retroactive to March 15 (so far)
  • Expectation is that you don’t cut employee wages
  • Business must demonstrate/prove a minimum revenue loss of 30%
  • Federal government will be introducing severe penalties for abuse of the program
  • Application process expected to be announced within the next 2 weeks
  • No limit on business size

For those who were considering using the job-sharing option, this is now, for most businesses, a better option.


Next Steps:  I have started building detailed 90-day business financial plans for some of you.  This provides a specific list of actions based on your own financial P&L statements that includes estimating the impact of using the government programs and includes a list of other actions you can do to help your business weather the storm.  If any of you are interested in having this done for your business, contact me.

 

If any of you will need a business loan to survive a prolonged event, but would not otherwise qualify for a loan, there is money available from the government.  https://www.bdc.ca/en/pages/special-support.aspx.  


Small businesses with a payroll between $50K to $1M should look to the Canada Emergency Business Account https://www.canada.ca/en/department-finance/news/2020/03/additional-support-for-canadian-businesses-from-the-economic-impact-of-covid-19.html  As described in my emails last week, this if interest-free, $40,000 where you can be forgiven up to $10,000 if you pay it back before the end of 2022.


Here is a description of the application process and the questions you will likely be asked https://www.krp.ca/lending-rules-for-bdc-covid-19-relief-program-take-shape


This is the last week you have to re-plan your businesses for the next 2-3 months to stay in front of the situation.  If you don’t know what you need to be doing and how much of it you need to be doing, please contact me.   I want to see you all survive this event as best as possible!


Next 2 weeks, the focus will need to shift to full-implementation of that plan and start looking for short-term business opportunities with customers who are less impacted by COVID-19.  This is a very tactical that looks a lot like war-time situation management.   Even with a plan, the situation going forward will be fluid (some good, some bad).


Later in April,  your planning will need to focus on re-positioning your businesses to be ready to sling-shot out of this event! 

 

Please continue to pay strict attention to all of the hygiene/safety recommendations and emotional/mental health issues discussed here over the past two weeks!   Let’s do everything we can to keep our employees, customers, suppliers an colleagues healthy so we can all get back to work faster!


Pete Baran                           |       403-973-3531
Chief Business Mechanic  |       Blueneck Consulting Inc.
www.blueneck.ca

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Blueneck Consulting - COVID 19 Business Update

Today’s Government Announcement:  No new Federal support announcements today from our PM.   The focus today will be passing emergency measures that give the federal government broader powers to spend money, redirect economic activity and implement further restrictions.

 

Ontario and Quebec are locking down their provinces at the end of today, except for essential services.  ATTACHED IS A LIST OF ESSENTIAL BUSINESSES IN ONTARIO. On this list is every one of my clients’ business types are included.  Most businesses engaged or supplyingConstruction, Manufacturing, Real Estate, Food, Healthcare and Transportation, among others, are all on the list.  The good news here is that if this becomes the template for other provinces, most of you will be able to continue operations – but please do it SAFELY.https://open.alberta.ca/publications/covid-19-information-help-prevent-the-spread-poster


Right now, it is being left to provinces to decide on lock-down measures.   Alberta has the 4th largest population of covid-19 cases, but there seems to be no interest so far to lock down the province.   The Federal Government, however, is passing the Emergency Powers Act andcould intervene.  Most likely, for now, the Provinces are likely to be left to make local decisions and the Federal government will focus on economic stabilization spending and inter-provincial, international travel restrictions.   However, this can change quickly if cases start spiking quickly.


Financial support for your business, employees and clients:

Many of your businesses are now adapting daily business, and making additional preparations.  Below I’ve summarized programs to help ease the difficulty of reducing your workforce and other measures to conserve cash, which is critical over the coming months:


  • Help for your employees to conserve cash:
    • Income Tax owing can be deferred to Aug 31
    • Residential Utility Payments can be deferred for up to 90 days without being disconnected
    • Personal Mortgages and Loan Payments with Alberta credit unions and ATB can be requested to be deferred up to 6 months based on need.  Some national banks are doing the same thing, but also only based on need.
    • Emergency Isolation Payment for Albertans to have covid-19, returning from abroad or have been in contact with someone tested positive with covid-19 can get up to $1,146 until the Federal program is in place.  This is time limited till April 1.
    • Emergency Support for non-EI eligible Workers applies to any of your employees or their spouses are unable to work but cannot get EI.   If they have been asked to self-isolate because they have covid-19, suspected to have covid-19 or need to care for someone with covid-19, they can apply for $900 every two weeks for up to 15 weeks.  They can apply through the CRA MyAccount portal.
  • Reduce the pain of laying off employees by considering job-sharing program.   This allows employees to work part-time for you and get a partial top-up of EI.  If your business can stay open, this is a great way to drastically reduce your payroll and look after you valued staff.  However, this program takes 30 days to be approved, so you must get your application in immediately!  https://www.canada.ca/en/employment-social-development/services/work-sharing/apply.html


SUPPLY CHAIN CONSIDERATIONS

The US is expected to be the next epicentre of Covid-19 spread.  The US is in very bad shape to control this and the President is implying that he is willing to consider accepting high loss of life to keep the economy open.   If this happens, ANY SUPPLY COMING FROM THE US may be at risk.   Please review your US-based supply and monitor your individual situations on a daily basis.


However, China is starting to do phased re-opening of their economy and re-opening hospitals to the public.   It took less than 2 months of lock-down and isolating people.   Strict hygiene measures, quarantining the sick and social isolation/distancing have been the keys.   Please LEARN from this and take implementation of these measures in your work locations SERIOUSLY.  It is the best way to keep you working!


Pete Baran                           |       403-973-3531

Chief Business Mechanic  |       Blueneck Consulting Inc.

www.blueneck.ca

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Data supplied by CREB®’s MLS® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.