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The Wall Street Journal Online

Meat Market and Grocery

Canon City, Colorado (Fremont County)

Seller Financing Available

Photo Available
Asking Price:
$650,000
Gross Income:
$1,378,000
Cash Flow:
$168,000
EBITDA:
N/A
FF&E:
$65,000.00 *
Inventory:
$90,000.00 *
Real Estate:
$273,000.00 *
Year Established:
1946
Employees:
12
Business Types:
Supermarkets
Other Food Stores

* included in the asking price

Business Description

This is a retail grocery with a full service meat market. Also the business wholesales to restaurants and nursing homes. Their primary target are residents of Fremont and surrounding counties who want quality groceries and full-service meat, specialty meats and sausages. The grocery line consists of produce, dairy, frozen foods, small general merchandise and an emphasis on service meat. Also there is Western Union, postage stamps, money orders, delivery service Qwest card.

Detailed Information

Facilities:
There is a building that acts as the store, and another building on an adjacent lot that has a rental home. The home consists of 3 bedroom, 1 bath with tub and shower. Hardwood floors, tile in the kitchen and bath. The refrigerator, stove, dishwasher included. Full unfinished basement. Forced air furnace and AC. Fenced yard in front with covered patio in back. Carport and 1 car garage. Orchard with mature fruit trees and grapevines. The store is about 5,000 square ft. There is adequate parking for customers on the land.
Competition:
There is three grocery stores within five miles. This business is unique with their meet market being the only full service department in the county. They are also a neighborhood store with the nearest full service store from down town.
Growth/Expansion:
They have been growing in sales and the area is becoming more upscale which has helped business. A website, if constructed, could generate more growth and could promote the sausage market.
Support/Training:
Seller is willing to train new owner.
Reason Selling:
Ready to retire.
Contact Seller

Broker Information

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Business For Sale Listed By

Robert Hedges
The Robert Hedges Company
719-632-9384

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Ad#: 470016

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