MergerPlace

Specialty Grocery Store & Restaurant

Kansas


  • Asking Price: $1,300,000
  • Gross Income: $2,736,395
  • Cash Flow: $318,762
  • Real Estate: $1,100,000
  • Inventory: $79,980
  • FF&E: $100,000
  • Listing ID: #210331
  • Established: 1960
  • Employees: 4 FT / 28 PT

Business Description

Very popular store that has been in this market for generations. This business also includes an awarded winning restaurant under the same roof. The two concepts promote one another allowing the consumer to sample the final product or prepare a special meal at home themselves. The restaurant brings a steady flow of foot traffic. The market has evolved over several generations and is a well know destination that has not lost its sense of tradition. The new location and facility were designed and built specifically for this business. Dual concepts have created diversification for the owner. Many avenues to grow. Great family opportunity.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Kansas

Company Information

Year Established: 1960
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4 FT / 28 PT

Financial Information

Asking Price: $1,300,000
Gross Revenue: $2,736,395
Cash Flow: $318,762
FF&E: $100,000
Inventory: $79,980
Real Estate: $1,100,000
Seller Financing Available: No

Property Information

Facilities:

The Real Estate is also owned by the seller and available for sale. A new owner has two options 1. Lease the location 10-year at approximately $11,225 per month NNN or 2. Purchase the Real Estate $1,100,000. If the Buyer is seeking bank funding, the additional purchase of Real Estate will have a positive effect on debt service for the entire purchase. Option 1 lease rate is included as an expense in the financials.

Growth & expansion opportunities:

The current owner has taken a very active roll in the company which has played a factor in the success. Recent expansions have created a number of additional opportunities. More than the owner can juggle. A team approach to management would enable the business to grow at a steady, controlled and efficient rate.

Competition:

Consumers shop larger retail chains for most groceries but will make a special trip to this destination for its quality and service.

Reason for selling:

Retirement. The Seller will provide transition training for up to 4 weeks on site plus 60 days consulting as needed by phone at no additional charge. Any additional assistance is subject to a mutually agreeable consulting agreement.

Support & Training:

Will train for 8 weeks @ $0 cost. The operation requires customers relation skills and ability to manage a staff. Meat cutting experience would be ideal. The current owner will work with a buyer to gain the skills and certifications necessary to operate.

Contact Business Seller

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Business Listed By:

Chris Kerth

Murphy Business Brokers