Profitable Discount Grocery Store w/ Inventory

Anderson, SC (Anderson County)

Seller Financing Available
Profitable Discount Grocery Store w/ Inventory
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Asking Price: $99,000

Cash Flow: $102,000

Gross Revenue: $513,000

EBITDA: N/A

FF&E: $100,000

Inventory: N/A

Real Estate: $750,000*

Established: 2017

*not included in asking price.

Profitable Discount Grocery Store w/ Inventory

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Business Description

50% SELLER FINANCING AVAILABLE! 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.

Real estate can be purchased for additional price and is approx 1.4 acres containing a 14638 sft building recently renovated with 6342 of finished space and 2500 sft of unfinished storage currently being used by the Grocery. Two additional street level spaces remain unfinished creating an excellent value add opportunity. Additionally there is approximately 2500 sft of basement.

Inventory is negotiable.

Presented by Sperry Commercial Global Affiliates - Griffin Partners. Our team has over 120 years of combined experience in business brokerage, commercial sales, property management, and more. Contact us today to see how we can help you reach your acquisition or exit goals.

Detailed Information

Location:
Anderson, SC
Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
14,638
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Free Standing 14638 sft building on approx 1.4 acres 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

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Demographic Information

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