MergerPlace

Strong Community Grocery Store in Iowa

Iowa


  • Asking Price: $145,000
  • Gross Income: $1,374,854
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: $115,334
  • FF&E: $157,310
  • Listing ID: #210481
  • Established: 1963
  • Employees: 1 FT / 18 PT

Business Description

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.


Business Details

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

Company Information

Year Established: 1963
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1 FT / 18 PT

Financial Information

Asking Price: $145,000
Gross Revenue: $1,374,854
FF&E: $157,310
Inventory: $115,334
Seller Financing Available: No

Property Information

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.

Growth & expansion opportunities:

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.

Competition:

It is the only grocery store in town and the nearest full service store grocery store is over 15 miles away.

Reason for selling:

Retirement.

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.

Contact Business Seller

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Business Listed By:

Michael Rooney

Murphy Business Brokers