Grocery Store W Strong Team And Profits Discounted

Business Overview:

This established limited assortment grocery store sells dry goods, dairy, frozen foods, fresh meat and produce and non-edible grocery products. They have a dedicated team who provide excellent customer service. With a national reputation for affordable grocery products with quality service, this successful licensee is also recognized by their community involvement and dedicated customers. Large growth opportunities include more online ordering and delivery via Instacart, Door Dash and Uber Eats.

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Property Features and Assets:

The building is leased and in the third five-year extension of that lease. The landlord is responsible for building maintenance. Interior and exterior lighting and signage were updated to LED in 2022. The seller has kept all equipment operational with constant preventative maintenance contracts and emergency maintenance as needed. They upgraded the majority of retail sales refrigeration equipment during a remodel in 2022. No additional capital expenditures would be needed by a buyer.

Market Competition and Expansion:

The current customer profile is low-income families dependent on government benefits and lower middle-class people because of the store location and corporate’s targeted customer base. They are growing their middle class, professional customer segment because they have remodeled their store and using social media to target that sector of potential customers. The geographic market is the zip codes in the city of Elmira and the surrounding area.

Reason for Selling:

Retirement

Additional Details:

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