Profitable Discount Grocery Store - No Neighborhood Competition!

Anderson County, SC

Profitable Discount Grocery Store - No Neighborhood Competition!
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Asking Price: $125,000

Cash Flow: $102,000

Gross Revenue: $513,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 2017

Profitable Discount Grocery Store - No Neighborhood Competition!

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Business Description

An oasis in the middle of a previously designated food desert, this discount grocery store has become an important staple in the area.With no competition in the neighborhood, the scratch and dent foods business model has led to excellent growth and strong earnings for the mostly absentee owners, all while providing the surrounding area an opportunity to purchase perishable and non-perishable goods at a deeply discounted price. Discount model also provides excellent resistance to economic down turns. The business has a 4.5 star rating with over 100 customer reviews speaking to the important role it plays in the community.

Owners are currently receiving approximately $7500 a month in salary with a very limited work schedule. Lottery and EBT in place. Over 50% of sales are cash transactions.

Detailed Information

Location:
Anderson County, SC
Real Estate:
Owned
Building SF:
9,600
Facilities:
Free Standing building located on busy area corridor.
Competition:
There are no other grocery stores in the area. Before this location opened most neighborhood residents purchased the majority of their groceries from local gas station/food marts. The discount model fills an important role in the community.
Support & Training:
Seller will provide reasonable training
Reason for Selling:
Military duty
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(from currently available funds)
 
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Chris Springfield

Business Listed By:
Chris Springfield

Sperry Commercial Global Affiliates - Griffin Partners

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Sponsoring Broker:
Mark Griffin

Listing Statistics

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Demographic Information

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