Established Grocery Store with $159k of Inventory Included

IA

Established Grocery Store with $159k of Inventory Included
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Asking Price: $219,000

Cash Flow: $28,104

Gross Revenue: $1,455,288

EBITDA: N/A

FF&E: $172,848

Inventory: $159,137

Real Estate: $199,000*

Established: 1958

*not included in asking price.

Established Grocery Store with $159k of Inventory Included

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Business Description

Very Established Grocery Store in a supportive community

This profitable grocery store is the only supermarket in a beautiful small town in Iowa. Revenue is consistently over $1,400,000/year. Great Opportunity to own your own well established store and Real Estate is available. This business is listed to sell quickly for only $219,000. Inventory is estimated to be $159,000 and is included in the sale. Real Estate is only $199,000 for 7540 sq ft building.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
7,570
Employees:
2 FT/11 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Nice building and great location in center of town. Building is a large standalone brick building over 7500 sq ft. Property also includes a large parking lot. Current Lease is $3000/mo. If a Buyer were to purchase Real Estate for $199,000 and finance over 20 years at 8% interest, the monthly mortgage would be a very reasonable $1665/mo allowing for better profit margins.
Competition:
It is the only grocery store in town and the nearest full service store grocery store is approximately 15 miles away.
Growth & Expansion:
This prime location is at the intersection of two major highways and could potentially tap into the convenience store market given the prime location. Buyer could also potentially increase catering to improves sales and profits even more.
Support & Training:
Owner/manager should be someone with strong managerial skills to oversee a staff of 13 full and part time staff. Food, Beer, Liquor licenses required.
Reason for Selling:
Retirement.
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Michael Rooney

Business Listed By:
Mike Rooney

Murphy Business & Financial Corporation

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