Independent Grocery Store since 1975 / owner retiring...

GA

Independent Grocery Store since 1975 / owner retiring...
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Asking Price: $750,000

Cash Flow: $209,478

Gross Revenue: $5,919,677

EBITDA: N/A

FF&E: $300,000

Inventory: N/A

Established: 1975

Independent Grocery Store since 1975 / owner retiring...

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Business Description

This business has been in continuous operation in the same location since 1975. The current owner purchased the business in 1989 and he is ready to retire.
**** The owner of the business is convinced that a new, younger, hands on / owner operator could reduce the current payroll by at LEAST $100,000.00 by replacing several of the highly paid current staff with lesser paid staff.
This is truly a very well maintained and operated business ready for a new owner to take over. There are approx. 13,000 SKU's that are purchased from approx. 60 core vendors.
The business currently employs 2 full time managers with the owner working approx. 25 hours per week.
The sale price includes $300,000.00 in inventory.
For additional information regarding this unique opportunity please contact Mark Werbalowsky at 404-277-3400 or at mwerb@sunbeltatlanta.com.

Detailed Information

Inventory:
Included in asking price
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. facility with the base rent at $12,635.00 per month.
Competition:
This store has a large and loyal client base.
Growth & Expansion:
The business could be expanded by adding new items and services.
Support & Training:
The seller is willing to agree to a mutually agreed upon training and transition.
Reason for Selling:
retirement
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Contact the Seller

(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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