Well Established Grocery Store and Deli For Sale

IA

Well Established Grocery Store and Deli For Sale
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Asking Price: Get Financing: $160,000

Cash Flow: $41,932

Gross Revenue: $1,066,760

EBITDA: N/A

FF&E: $100,000

Inventory: $140,000*

Real Estate: N/A

Established: 1956

*not included in asking price.

Well Established Grocery Store and Deli For Sale

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Business Description

This full service grocery store includes produce, meat, deli and liquor, and has consistently generated revenues over $1,000,000 per year, located on a major highway in Northwest Iowa near the Iowa Great Lakes. It is the only grocery store in a nice community that is home to a regional High School and several manufacturing plants. Great opportunity to own your own well established and successful store and be a leader in this community.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Building SF:
N/A
Employees:
1 FT/9 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Real Estate is available to purchase or lease. Building is over 7000 sq ft and has plenty of parking on a major highway with high visibility.
Competition:
This is the only grocery store within a 15 mile radius. One convenience store in same town is sole competition.
Growth & Expansion:
A profitable deli was added a few years ago and has great potential to expand since seller frequently turns down requests for catering which could increase revenue, cash flow & earnings. New owner could potentially improve the cost of goods sold percentage currently averaging 80% to be nearer the 70% industry average and potentially add $100,000 to bottom line.
Support & Training:
Will train for 2 weeks @ $0 cost.
Reason for Selling:
Inquire with Broker.
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Contact the Seller

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Dan Tryon

Business Listed By:
Dan Tryon

Murphy Business & Financial Corporation

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Sponsoring Broker:
Michael Rooney


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