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Here Is A New Listing That I Just Posted At #30 Market BV SE in Airdrie
Posted on February 18, 2020 by Rob Campbell
Posted in: Airdrie, Airdrie Real Estate
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 64 7930 Bowness RD NW in Calgary.
Land, Bldg & Business for Sale – This has been a family owned Butcher & Retail Meat business for 50yrs, known for Old World European tradition, custom butchery and wild game processing for hunters. The 2000+/- sqft bldg has a 700sqft basement. In 2005 there was a full retro fit of the space including floor drains, plumbing, heating, natural gas, electrical, ducting, lighting, ventilation, flooring, roofing(insulation, tar & skin) refrigeration, compressors, evaporator coils, windows and more! The smokers have 50 yrs of smoke patina, not something you can find anywhere else in Calgary. This is a fantastic opportunity for an existing butcher to expand or for a young Chef to start a great specialty business. So much history to leverage, and so much potential to build something unique that could service both the wholesale and retail consumer.
Business Owner Update - Friday March 27, 2020
Today the Federal Government and Bank of Canada finally made key announcements to help small businesses:
In addition, you get a deferral of GST remittances on top of all the other deferral of payment programs announced over the past 10 days. You’ll have to pay your GST owing eventually, but consider the money is better in your pocket for the time being.
These will help those of you who will be able to find work to keep the doors open and if the Alberta Government doesn’t order a lockdown. If you need to shut the doors, the cheap loans and payment deferrals will help you to weather the storm and re-open later.
Let’s address the potential of a lock-down. Yesterday, the Alberta government admitted it is preparing an essential services list. This is a prerequisite to doing a lockdown. As I reported to you earlier this week, the Alberta list will be based on the Ontario essential services list, likely with more extensive leniency for the oil and gas sector (re-attached). This is not something the Alberta Government wants to do, but only if covid19 gets out of control. That number is much higher than we are now (check my website if you like numbers). However, politics are politics and we still might see one.
If the government imposes one, my forecast is that we will need to see case numbers trending up significantly (i.e. additional cases each day are more than the additional cased from the day before) for 2-3 more days in a row and the Canadian Emergency Response Benefits become available so the additional layoffs get paid by the Feds, not the Province (i.e. April 6). I’ll be keeping watch over these numbers for you.
For you convenience, here is new link summarizing all the Federal program announcements (not yet updated from today). https://www.canada.ca/en/department-finance/economic-response-plan.html
Let’s do everything we can in our workplaces, with our employees, customers and suppliers to plank this outbreak so we can keep businesses open and everyone working!
Pete Baran | 403-973-3531
Chief Business Mechanic | Blueneck Consulting Inc.
For employers, we are getting more detail on the payroll subsidy:
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