MergerPlace

C-Store with Meat Market and Deli

New York


  • Asking Price: $450,000
  • Gross Income: $1,400,000
  • Cash Flow: Not Disclosed
  • Real Estate: $175,000
  • Inventory: $60,000
  • FF&E: $105,000
  • Listing ID: #202834
  • Established: 1977
  • Employees: 3 FT / 5 PT

Business Description

~Discount supermarket offering groceries, fresh food and own brand products that has been serving their community for over 40 years.

~Offering a full-service meat department and deli, a full line of groceries including money-saving brands, an extensive sub menu along with fresh fruits and vegetables. Non-food offerings include Lotto, tobacco and a delivery service.

~The business is a well-run, very profitable business, wrapped into an old-school corner store format.


Business Details

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

Company Information

Year Established: 1977
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 3 FT / 5 PT

Financial Information

Asking Price: $450,000
Gross Revenue: $1,400,000
FF&E: $105,000
Inventory: $60,000
Real Estate: $175,000
Seller Financing Available: Yes

Property Information

Facilities:

Mixed use property with 3,600 SF total. Store occupies 2,100 SF on 1st floor and there are 2 apartments upstairs. Building not included in asking price but can purchased or leased.

Growth & expansion opportunities:

The business does not open early or stay open late. Expanding the hours of operation would increase the revenue. They offer some prepared food but there is room to offer much more. Doing so would bring the business in line with a strong industry trend. The business also does not offer hot beverages, an ATM or catering, each of which could add to the revenue stream.

Competition:

There are a number of convenience stores in the area but none offer a full line of groceries, self-branded products or delivery. There are a few major grocery stores in the area but none offers corner store convenience.

Reason for selling:

Retirement

Support & Training:

The seller offers a minimum of 2 weeks of training to provide for a smooth transition.

Contact Business Seller

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Business Listed By:

Dean LoBrutto

Klassen Ingalls