Grocery store with great location, cash flow and trained personnel

Inventory

Not Included in asking price

Real Estate

Leased

Building SF

27,000

Lease Expiration

30/09/2034

Employees

64

Furnitures, Fixture & Equipment(FF&E)

Included in Asking Price

Facilities

Excellent location with ample parking and other retail and restaurants nearby. Building and Equipment in very good condition. The buyer would take over the current facility once lease agreements with the owner of the property are reached. Seller has kept all equipment operational with constant preventative maintenance contracts and emergency maintenance as needed. Regular maintenance of the equipment is normal, with any upgrades being left to the discretion of the new owner. No additional capital expenditures should be needed by a buyer.

Competition

The seller's current customer profile is medium-income families who want great quality and selection of groceries, priced competitively. They are growing their middle class, professional customer segment through advertising, social media, a new shopping App, and keeping the store well organized, clean, and a pleasant shopping experience. Several competitors within 10 miles, although this business is the only "Hometown" grocery store that offers convenience and a true local feel.

Growth & Expansion

Large growth opportunities include more online ordering and deliveries via Instacart.

Financing

Seller is willing to finance up to 20% of the purchase price and the inventory, depen

Support & Training

The owner will be happy to spend as much time as needed to make the new owner proficient and comfortable with their new business. The seller will also introduce the new owner to their valued suppliers and explain how his over 50-year retail experience was successful and how he thinks it can be grown.

Reason for Selling

Retirement