Business for Sale Overview:
Schmidt's Super Value is the only grocery store that services the 600 plus residents of the small community of Circle, MT. Attached to the store is a small mini-mall that houses a convenience store, cafe and banquet facility. The businesses all complement each other and bring a much needed service to the community. The banquet facility is available for rent and can seat 300 plus people. It has tables, chairs and folding walls that can be used to create different sized rooms. It is currently used several times a week and on Sundays it is set up and used for a buffet style brunch. The cafe currently opens in the mornings for the local coffee drinkers. The owners are ready to retire and no longer have the energy to run the cafe full time. The supermarket includes a full bakery and meat department. The sale includes all business personal property in the store, kitchen, bakery and meat department. This would include all fixtures, coolers, freezers, ovens, shelving, tables, computer and check out system, etc. The buyer would need to purchase the cost of the inventory at wholesale at the time of the sale which is currently estimated to be $190,000. The buyer would have the opportunity to lease the building and the 1.285 acre lot for 5 years with option to renew for another 5 years or would consider a proposal to purchase the business, building and lot. The business currently employs 12-15 full and part time employees. The owner claims the annual gross sales are $2,000,000 plus and detailed financial information is available to potential buyers. The main store building was constructed in 1974 and is a pre-engineered 220'x80' steel building on a concrete slab. The prefabricated 38'x38' mini-store was added to the west side of the supermarket in 1980. The gas pumps and underground tank is owned by Circle Sinclair and would be negotiable to purchase if the buyer was interested. Currently the receive .04 cents per gallon for the fuel sold there. The paved parking lot is 21,354 square feet.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Additional Details:
- The property is owned.
- The owner may be willing to train/assist the new owner.
- This may become a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.