MergerPlace

Central New Hampshire Grocery Store

Confidential, New Hampshire


  • Asking Price: $799,900
  • Gross Income: $2,826,106
  • Cash Flow: Not Disclosed
  • Real Estate: $327,800
  • Inventory: $200,000
  • FF&E: $100,000
  • Listing ID: #211474
  • Established: 1900
  • Employees: 6

Business Description

The business has been in existence as a grocery store since the turn of the century. The current owners purchased the store in 1986 and have been resident owner/operators ever since. They have also recently increased the size of the building through the purchase of an adjacent building which they connected to the existing structure. This opportunity features both the business and real estate, including on-site owners’ accommodations.
The “country store” feel emanates throughout this full-service grocery store, which includes a deli, bakery, meat counter, prepared foods, fresh produce, beer and wine…and of course, a complete assortment of grocery items.
The business is conveniently located in central New Hampshire, in very close proximity to a main New Hampshire interstate. Its customer base includes both locals and tourists alike. Business is at its height during the summer, with winter weekends and vacation weeks fueling ski season business. Fall foliage season is also a very busy time for the store for both visitors and locals alike, with the locals driving business in the spring mud season once the ski areas close. The store appeals to customers of all economic means as prices have been consciously maintained at very affordable and fair levels.
The store’s strong sales, profit, and earnings show positive and consistent annual growth. This is a perfect relocation opportunity for a family as well as a change of career path or “be your own boss” option for an individual or couple. This is an existing, strong, profitable business which still has the potential to grow exponentially through the efforts of new, motivated, energetic owners!


Business Details

Primary Business Category: Retail Trade - Supermarkets
Location: New Hampshire
Metropolitan Area: Confidential

Company Information

Year Established: 1900
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 6

Financial Information

Asking Price: $799,900
Gross Revenue: $2,826,106
EBITDA: $159,878
FF&E: $100,000
Inventory: $200,000
Real Estate: $327,800
Seller Financing Available: Yes

Property Information

Growth & expansion opportunities:

The current owners believe that a new buyer would want to take the “country store” brand and market it more completely via social media and a broader interact presence, as they have not created any real on-line presence. There is a great opportunity to improve the specialty food offerings which currently exist. The sellers also believe strongly that new owners should continue to expand the “country store” brand in the physical presence of the store…wood floors, rustic features, friendly staff, etc.

Competition:

The store’s competitors, none of which are truly direct competitors, are two local convenient stores, a pizza/sandwich store with groceries, and a Dollar General. There is some crossover in basic grocery selections, health and beauty products, and prepared foods, but the limited selection of the smaller stores does not compete with the full grocery offerings of the subject business. The closest full-service grocery store competitor is approximately 10 miles away.

Reason for selling:

Sellers are looking to retire after 33 years of running the business.

Support & Training:

The owners are willing to stay on and train for two weeks after the transfer of the business at no charge. They are also willing to sign a non-compete agreement with the buyers.

Contact Business Seller

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Business Listed By:

Jay Polimeno

Sunbelt New Hampshire