Strong Community Grocery Store in Iowa with Inventory

IA

Strong Community Grocery Store in Iowa with Inventory
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Asking Price: $145,000

Cash Flow: N/A

Gross Revenue: $1,374,854

EBITDA: N/A

FF&E: $157,310

Inventory: $115,334

Real Estate: $299,000*

Established: 1963

*not included in asking price.

Strong Community Grocery Store in Iowa with Inventory

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Business Description

Opportunity to own a store for $29,000 plus inventory

Nice grocery store in Northeast Iowa in need of a full time owner manager. Store has been profitable in the past when it did not have an absentee owner and could be again with the right buyer and the store is priced to sell. Selling price includes $115,000.00 of inventory.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
9,820
Employees:
1 FT/18 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Nice building and great location in center of town. Building is a large standalone brick building over 8500 sq ft. Property also includes a large parking lot.
Competition:
It is the only grocery store in town and the nearest full service store grocery store is over 15 miles away.
Growth & Expansion:
This is a nice sized bedroom community of 2700 positioned between two larger communities and a new buyer could develop a plan to help shoppers shop locally.
Support & Training:
Will train for 1 week @ $0 cost. Owner/manager should be someone with strong managerial skills to oversee a staff of 18 full and part time staff. Food, Beer, Liquor licenses required.
Reason for Selling:
Retirement.
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Michael Rooney

Business Listed By:
Mike Rooney

Murphy Business & Financial Corporation

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