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Grocery w/Sales 2019, $4.2Million, not including gas or lotto

Cass County, TX

Grocery w/Sales 2019, $4.2Million, not including gas or lotto
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Asking Price: $1,650,000

Cash Flow: $350,000

Gross Revenue: $4,200,000

EBITDA: N/A

FF&E: N/A

Inventory: $240,000*

Real Estate: N/A

Established: 2000

*not included in asking price.

Grocery w/Sales 2019, $4.2Million, not including gas or lotto

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Business Description

Heck of an opportunity to own a great volume, great profitability, small town grocery with almost no competition. Only competition is Dollar Store and convenience stores.

Building built new in 2000, is 18000 sq ft. with newer equipment on lease and over 1.3 acres of land, most fully concreted.

Gas Distributors forecast 100,000+ gallons per month if gas was put in. Nearest Walmart is close to 18 miles away.

Great check cashing, own Debit card machine, full time manager on staff, leasing space to a pharmacy and Subway for more revenue streams. Discretionary Income over $350,000.

Price is set, but does not include inventory, no financing (possible discussion of financing inventory), price is $1.65Million and assume leases.

You may call me up to 10:00 pm, but not on Sundays. 936.635.8316

Detailed Information

Location:
Cass County, TX
Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
18,000
Employees:
20+
Facilities:
18,000 sq ft metal building with fully concreted acre of land. Equipment is up to date and in good working order. A new centralized refrigeration system is less than two years old, it cost $200,000 to place in the store, but cost savings will be significant for the new owner.
Competition:
Competition has looked at the town, such a Walmart and Brookshires, all have passed on the town due to this grocery store being so well run that a new store could not do enough business to pay its bills, so they passed. There are a few dollar stores, been there for a while.
Growth & Expansion:
Store needs a bakery and deli, prepared foods would do well too.
Support & Training:
As much as is needed, owner will train and the manager on the premises will assist also.
Reason for Selling:
Retiring
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(from currently available funds)
 
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Bob Hawkins

Business Listed By:
Bob Hawkins

Texas Business Consultant

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