• Listing ID: 1006748
  • (Seller ref: 7552 MN)

Must Sell Full Service Grocer For Sale


Location:
Category:
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Type:

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Asking price:
$475,000
Sales revenue:
0 - $500k
Cash flow:
0 - $250k
Employees:
FT: 15, PT: 10

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Outstanding opportunity for an experienced grocer. This underperforming store is 24,468 sq. ft. in an underserved ethnic community. This is a full-service super market complete with bakery, produce, fresh meat, and deli. Existing owner is undercapitalized to get the store to its full potential. He has grown sales from $110K /mo. 8 months ago to $260K /mo. today, but does not have the capital necessary to build the sales to profitable levels. A good experienced operator can do wonders with this store by developing the fast food/deli department, the bakery, and offer additional services to increase revenues and profits. Highly motivated seller, all reasonable offers will be considered.


Real Estate:
Lease
Lease terms:
Rent $24,308
NNN $1,750
Lease Exp 09/30/2019
Option Yrs 0
Size in square feet:
24,468

Reasons for selling:
Undercapitalized
Trading hours:
Mon-Sat 7AM-9PM | Sun 8AM-9PM
Inventory / Stock value:
$200,000

For more information about this business for sale, click the Contact Seller button.


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