Profitable Locally Owned Grocery Store!

OR

Profitable Locally Owned Grocery Store!
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Asking Price: $3,330,000

Cash Flow: $572,851

Gross Revenue: $11,619,484

EBITDA: N/A

FF&E: $1,182,568

Inventory: $700,000

Established: 2002

Profitable Locally Owned Grocery Store!

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Business Description

Grocery Store Opportunity: This Grocery Store has been locally owned & operated by the Sellers for the last 16 years! This is a full-service Grocery Store that prides themselves in providing their customers a great shopping experience, good values, and friendly and helpful service from their outstanding employees. The shelves are well stocked with a variety of products and “if they don’t have it, THEY WILL GET IT!”

-The purchase price was established from a current asset appraisal as well as a current BUSINESS APPRAISAL!
-Departments consist of: Grocery, full-service Meat with a true butcher block, Produce, Floral, Scratch Bakery (one of the very few remaining in the Valley), a full-service Deli and a Coffee/Smoothie/Juice Bar.
-The Customer Service Center provides the following services: Money Orders, Money Gram Center, Faxing Services, Check Cashing, Lottery as well as a Utility Payment Center.
-All inventories will be purchased at cost at Closing!
-The 37,000 sq. ft. facility is a leased building on a high traffic location and is ideally located dead center of the communities’ population. The building where the store is located has 16 years remaining on the lease with a lease rate of ONLY $2,812/monthly fixed rate for the term of the lease.

GREAT STORE/GREAT EMPLOYEES/GREAT COMMUNITY!
Prospective Buyers must sign a Confidentiality Agreement as well as provide proof of funding!
If this is what you are looking for-DON’T MISS OUT AND CALL CHET TODAY!

Business is being marketed by:
Downs Realty-Chet Pipkin, Principal Broker
Call Chet today at (208) 866-5540

Attached Documents


Detailed Information

Inventory:
Included in asking price
Employees:
86
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
-The 37,000 sq. ft. facility is on a high traffic location and is ideally located dead center of the communities' population. -A 60’ x 21’ (1,280 sq. ft.) removable covered canopy out-front provides a great location for special outdoor events & promotions as well as an ideal location for a Farmer’s Market to feature locally grown products available at the store. -The Sellers had a new 3-layer roof system installed October 2017 as well as a new Bakery oven and total store light retrofit to LED lights! -Additional renovations were completed in 2014 adding & expanding departments, new floors in departments, new cases & freezers, ceiling tiles and an energy control system were installed.
Competition:
Lots of competition in the area, but this locally owned Grocery Store has it's own niche!
Growth & Expansion:
Great Store/Great Employees/Great Community!
Support & Training:
Negotiable, as needed! There is a General Manager in place that has worked the store for the last 30 years. He would stay on so this is a great opportunity for a passive owner!
Reason for Selling:
Owners wish to retire!
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Contact the Seller

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Gary Spiers

Business Listed By:
Gary Spiers

Coldwell Banker Tomlinson Group

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