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Kingma's Market For Sale

Grand Rapids, MI (Kent County)

Cover photo
Cover photo

Asking Price: $1,408,000

Gross Income: N/A

Cash Flow: N/A

EBITDA: N/A

FF&E: $150,000

Inventory: N/A

Real Estate: N/A

Established: 1917

Employees: 40+

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Business Description

Family owned Kingma’s Produce began humbly in 1917 when the family sold produce up and down neighborhood streets with a horse and loaded wagon. The first store was opened in the 1930’s at a Division Avenue location, then on Grandville Avenue, then on Chicago Dr and Godfrey SW. In the 1950’s, the store moved to Kalamazoo and Boston SE. Thinking that location was too far from the city, Kalamazoo Ave was a small dirt road at that time, the store moved to Eastern Ave where it thrived for 47 years, until it closed in October, 1999.

Today, Kingma’s Market on Plainfield employs up to 50 people during the busiest seasons. Fresh fruits and vegetables are available all year from around the world. In addition to produce, Kingma’s has the finest butcher shop, dairy and deli products, the largest variety of cheeses in this area, bakery products, gourmet and specialty groceries, coffees, flowers and seasonal items. Kingma’s most recent product line addition has been a wine and beer department. They carry 750 fine wines including this area’s largest Michigan wine section of more than 150 wonderful Michigan wines. The selection of over 380 beers consists of specialty, craft, microbrews and imported favorites.

Attached Documents


Detailed Information

Real Estate:
Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The sale includes the real estate. The property has a 16,614 SF building as well as enough parking for 79 vehicles.
Financing:
For full financials, contact Listing Agent for Confidentiality Agreement.
Reason for Selling:
Owners Retiring
Business Website:
http://www.kingmasmarket.com/

Ad#: 1058709

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Business Listed By:
Gary Steere

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