Full Line Supermarket - PRICE REDUCED!

OH

Full Line Supermarket - PRICE REDUCED!

Asking Price:$295,000

Cash Flow:$178,195

Gross Revenue:$1,913,670

EBITDA:N/A

FF&E:$700,000

Inventory:$300,000*

Real Estate:$4,295,000*

Established:1990

*not included in asking price.

Full Line Supermarket - PRICE REDUCED!

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Business Description

The business offered for sale is a 29,000 sq; ft. supermarket with parking for over 250 cars. The original and current owner built the grocery store off a heavily traveled highway with great visibility and access. The closest full grocery is almost ten miles away.

In the past five years the store has been totally renovated at a cost of $700,000. Since the remodeling, the business is doing over $4,000,000 in sales and is consistently profitable.

A long term, favorable lease is available.

The owner is interested in retiring.

PURCHASE PRICE
The business is offered at $695,000 REDUCED TO $295,000 plus inventory, free and clear of debt. All operating assets and licenses (C-1, C-2, D-6) are included. (Financials represented are 6 months YTD 2016.)

The shopping center real estate (48,300 sf, containing the supermarket and six other tenants) is also available at $4,295,000 with an NOI of $478,000. The real estate was appraised in 2016 for $4,300,000.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Not included in asking price
Building Sq. Ft.:
N/A
Employees:
5 FT / 20 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
29,000 square feet with parking for 250 cars in a 48,000 sf shopping center.
Competition:
No major competitors in the area.
Growth & Expansion:
Add Liquor, Lottery sales, and check cashing services.
Financing:
N/A
Support & Training:
For a mutually agreeable transition period.
Reason for Selling:
Retirement.
Business Website:
http://N/A

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Business Listed By:
Keate Partners Ltd

Keate Partners, Ltd.

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