MergerPlace

Grocery Store in Iowa

Iowa


  • Asking Price: $315,000
  • Gross Income: $1,616,016
  • Cash Flow: $154,732
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $62,648
  • Listing ID: #196848
  • Established: 1969
  • Employees: 4 FT/ 6 PT

Business Description

This grocery store has been consistently profitable and is a full service store that includes beer, wine, liquor, deli, produce and meats. It is the only grocery store in a community that is conveniently located 15 miles from a much larger community. Very nice clean community with two city parks and a new pool and several medical related businesses.


Business Details

Primary Business Category: Retail Trade - Food & Beverage Stores
Location: Iowa

Company Information

Year Established: 1969
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4 FT/ 6 PT

Financial Information

Asking Price: $315,000
Gross Revenue: $1,616,016
Cash Flow: $154,732
FF&E: $62,648
Seller Financing Available: No

Property Information

Facilities:

This nice facility has an extremely attractive low cost lease allowing more profits for the future buyer. It is a 7000 sq ft building with plenty of parking for customers.

Growth & expansion opportunities:

Sales have consistently been around 1.6M/year.

Competition:

They are the only grocery store in town and the nearest community with a grocery store is approximately 15 miles away.

Reason for selling:

Seller desires to move outside of area.

Support & Training:

Will train for 2 weeks @ no cost. Seller has a solid manager in place that manages 10 employees. Typical skills required to manage a full service grocery store.

Contact Business Seller

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Business Listed By:

Dan Tryon

Murphy Business Brokers