Profitable Semi-Absentee Grocery Store+Building+Land/Rentals

UT

Profitable Semi-Absentee Grocery Store+Building+Land/Rentals
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Asking Price: $1,699,000

Cash Flow: $282,000

Gross Revenue: $2,700,000

EBITDA: N/A

FF&E: $300,000

Inventory: $250,000*

Established: N/A

*not included in asking price.

Profitable Semi-Absentee Grocery Store+Building+Land/Rentals

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Business Description

Seller Open to Creative Offers for a Qualified Buyer

The business is a full line grocery store including non-foods, meat, produce, bakery and deli. It is the hub of the community and sits close to recreation areas. This grocery store is well known for its fresh meat and produce departments and for the deli that provides some unique items. Equipment is updated regularly and in 2004 the owner did a complete remodel including the façade and interior of the store. The price does not include inventory, it will be a direct add on to price.

Detailed Information

Inventory:
Not included in asking price
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The purchase price includes the building and land the store resides on. There is an option to purchase the adjacent land with rentals. The business is very established in the area. The store has served the local population and tourists for over 52 years. 6 Years ago, the owner put systems in place and trained exceptional management that allows the owner to manage on a semi-absentee basis. The building is 16000 ft2 with 14000 ft2 of sales floor, it sits on 1.2 acres of property. There is an opportunity to purchase 1.8 acres adjacent to the store that includes 5 residential rental units currently on the property.
Competition:
There is competition in the extended area, but this business has a very established and loyal clientele. The population knows the importance of shopping local and this store has the steady sales to show it.
Growth & Expansion:
The customer base is very consistent at this location. However, there is always an opportunity to pull customers from the nearby towns to increase sales. A pharmacy was just added to the store and in addition to rental income, the owner is looking forward to a potential increase in foot traffic and store sales. The store has never been open on Sundays, a new owner would have the potential for an immediate increase in sales by opening the doors an additional day per week.
Support & Training:
2 weeks
Reason for Selling:
other business
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Dan Leroy

Business Listed By:
Dan Leroy

Transworld Business Advisors of Utah

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Sponsoring Broker:
Saul Komisar

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