Long Established and Profitable Grocery Store

Cleveland, OH (Cuyahoga County)

Seller Financing Available
Long Established and Profitable Grocery Store

Asking Price:$200,000

Cash Flow:N/A

Gross Revenue:N/A

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Lease Rate/Sq. Ft.:N/A

Established:1996

Long Established and Profitable Grocery Store

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Business Description

This long established Grocery and Convenience Store has been under the same owner for over 20 years. The owner is ready to retire. The store offers a full line of groceries, beer, wine (No Sunday Sales), tobacco products, ATM and Ohio Lottery.

Meat and Deli represent 25% of Sales; Grocery represents 30% of Sales, Beer, Wine and Beverages represent 30% of Sales and Tobacco Products represent 15% of Sales.

Summer Sales average $90,000 per month and Winter Sales average $75,000 per month Plus Lottery Commissions of approximately $36,000 per year and ATM at approximately $400 per month.

There are 2 Options for the Sale of the Business:

OPTION 1- Sale Price of $200,000 Plus Inventory. $150,000 down. Seller Financing of $50,000 plus Inventory. Lease at $3,500 Per Month

OPTION 2- Buyer pays for Inventory (approximately $50,000-$60,000) . 5 year Lease at $6,500 per Month. Next 5 Years at 3% increase.

The information provided was from sources deemed reliable, but the prospective buyer should provide its own due diligence. D. Green and Associates, Inc. is a licensed Ohio Real Estate Broker and represents the Seller of the Business.

For further information call Diane Green at 216-548-2067 or e-mail her at dgreens2@aol.com.

Detailed Information

Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
Varies
Facilities:
This long established store is between 3,500 to 4,000 square feet and has been in business for over 20 years.
Competition:
The prospective buyer will have to determine the Competition/Market Pros and Cons through its own Due Diligence.
Growth & Expansion:
The prospective buyer will have to determine the Growth and Expansion Pros and Cons through its own Due Diligence.
Financing:
Some for a Credit Worthy Buyer
Support & Training:
Negotiable
Reason for Selling:
Retirement

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Diane Green, President

Business Listed By:
Diane Green, President

D. Green and Associates, Inc.

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