Independent Grocery Store - Well Established and Profitable since 1975

GA

Independent Grocery Store - Well Established and Profitable since 1975
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Asking Price: Get Financing: $995,000

Cash Flow: $237,200

Gross Revenue: $5,720,000

EBITDA: N/A

FF&E: $300,000

Inventory: $300,000

Lease Rate: N/A /SF

Established: 1975

Independent Grocery Store - Well Established and Profitable since 1975

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Business Description

This business was established in 1975 and was acquired by the current owner in 1989. The client base is a very diverse mix of people from all corners of the globe. There are 60+ vendors that supply the 13,000 sku's that are on the shelves.
There are currently 2 store managers that handle the day to day operations of the business. The owner works 30 hours per week and orders groceries and helps receive merchandise.
The store serves several Refugee Agencies such as World Relief, Catholic Charities, International Rescue Committee, and New American Pathways. The State of Georgia's WIC Program is also a very good source of business.
This is an excellent opportunity to acquire a long established, and profitable business that offers significant upside growth potential.
For additional information regarding this opportunity please contact Mark Werbalowsky at 404-277-3400 or at mwerb@sunbeltatlanta.com.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
15,800
Lease Expiration:
N/A
Employees:
11 FT & 24 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business operates from a leased 15,800 sq. ft. building. The monthly rent is $12,635.00, and the lease expires on 4/30/2021.
Competition:
There are several grocers in the area but this store has an excellent reputation and a large and loyal customer base.
Growth & Expansion:
The business could be grown with the addition of the following; a social media program, digital coupons, curbside pick up, lottery sales, bill paying, money transfers, and money orders.
Support & Training:
The Seller is agreeable to working out a mutually agreeable training and transition program.
Reason for Selling:
retirement
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(from currently available funds)
 
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Mark Werbalowsky

Business Listed By:
Mark Werbalowsky

Sunbelt Business Brokers

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Sponsoring Broker:
Doreen Morgan

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