Florida Supermarket For Sale

Business description

This 17,000 sq. ft. supermarket located in the center of a rural historical town in South Central Florida represents an excellent opportunity for an aggressive grocery/hands-on owner/manager to acquire a store that could give a lifetime of above average earnings. The fact that the property is available with the business, including a 7,100 sq.ft. Dollar General, benefits the value considerably. There are no other supermarkets in this town and the demographics in this area indicate this store would probably always have just limited competition.

This well-established supermarket first opened in 1972 and has had several owners. The store sales in 2004 was in excess of $2.8m but it was purchased in 2006 by the absentee owners/partners whose future was limited due to the lack of strong hands-on experienced in the supermarket industry. Despite the lack of leadership and insufficient funding, the store grossed $1.8 million the first year of 2006, and reached sales of over $2.2 million in 2007 and $2.4 million in 2008 and all during a time of using very little advertising or promotions.

The improper management of the pricing structure in this store has caused serious damage to its competitive marketing image and a loss of sales and gross profit in all departments. The customers have to drive approximately 10 miles to the nearest supermarket. The store conditions have also deteriorated due to the lack of ownership participation and the store manager is physically impaired limiting his activities in properly maintaining the store and overseeing its operations.

There are many factors that could be implemented to further increase gross income such as a service deli with hot ready-to eat foods, increase the Produce department to include fresh, local bulk fruits & vegetables that are all presently being packaged. The store needs to put an emphasis on the meat departments variety and pricing structure. The meat department sales should easily exceed 30% of the total stores sales. They also need to lower the prices on key items throughout the store to be more competitive with the industry standards. The store needs to update its checkouts to include a scanning system and eliminate the need for hand pricing all items with label guns eliminating pricing errors excess labor cost.



Located on a busy highway in the center of a small town of approximately 5700 permanent residents in South Central Florida, if properly managed, this store should exceed five million dollars in annual sales with above average gross profit. There is a large Hispanic/Mexican population in the shopping area that the store has not marketed. A new owner could target this Spanish market and increase sales substantially.



The store hours are from 8AM to 9PM Monday through Saturday ... 8AM to 8PM on Sunday.



Financial information will be provided upon receipt of a confidentiality agreement.

Property information