MergerPlace

Established Grocery Store

Iowa


  • Asking Price: $219,000
  • Gross Income: $1,455,288
  • Cash Flow: $28,104
  • Real Estate: $199,000
  • Inventory: $159,137
  • FF&E: $172,848
  • Listing ID: #210489
  • Established: 1958
  • Employees: 2 FT / 11 PT

Business Description

This profitable grocery store is the only supermarket in a beautiful small town in Iowa. Revenue is consistently over $1,400,000/year. Great Opportunity to own your own well established store and Real Estate is available. This business is listed to sell quickly for only $219,000. Inventory is estimated to be $159,000 and is included in the sale. Real Estate is only $199,000 for 7540 sq ft building.


Business Details

Primary Business Category: Retail Trade - Supermarkets
Location: Iowa

Company Information

Year Established: 1958
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2 FT / 11 PT

Financial Information

Asking Price: $219,000
Gross Revenue: $1,455,288
Cash Flow: $28,104
FF&E: $172,848
Inventory: $159,137
Real Estate: $199,000
Seller Financing Available: No

Property Information

Facilities:

Nice building and great location in center of town. Building is a large standalone brick building over 7500 sq ft. Property also includes a large parking lot. Current Lease is $3000/mo. If a Buyer were to purchase Real Estate for $199,000 and finance over 20 years at 8% interest, the monthly mortgage would be a very reasonable $1665/mo allowing for better profit margins.

Growth & expansion opportunities:

This prime location is at the intersection of two major highways and could potentially tap into the convenience store market given the prime location. Buyer could also potentially increase catering to improves sales and profits even more.

Competition:

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

Reason for selling:

Retirement.

Support & Training:

Owner/manager should be someone with strong managerial skills to oversee a staff of 13 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