Business Overview:
This is a High Volume Grocery Store. The 2009 revenues of the GROCERY STORE were about 1 Million Sales, and $300,617 Cash Flow to the Owner; Located in Far West Side of Cleveland located in Working Class Neighborhood; Motivated Seller due to Family Circumstances. Occupies 6,800 sq. ft. and has a well Established name. Uses Scanning for sales entry and reordering; Check Cashing; Lottery; Hi-Volume with more potential on extended hours; UPSIDES (Not Priced in minimum Bid): WIC, Potentially More Check Cashing; Space for Drive Through; Branding (ICG); Meat Counter Potential; Ample Deli Space & well equipped. ======================================= Enterprise Development Resources, Inc. is neither a Broker-Dealer nor a registered Investment Adviser. Where applicable, securities transactions are conducted by Reliance Worldwide Investments, LLC, member FINRA, MSRB, and SIPC.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
6,800 square feet sore, fully automated with well equipped Deli are and space of Beverage Pick-up.
Market Competition and Expansion:
Some indirect competition (Giant Eagle Supermarket) is moving further out and thus will create opportunities driven by Check Cashing and WIC. These opportunities are explained in a Business Review Summary and prospective buyers are advised to discuss them with the Seller. It is worth noting that Walmart recently (in August) relocated its store and the Seller has seen an increase in check cashing. However, at this point in time it is early to make a statement about the magnitude of the impact on the company's check cashing.
Reason for Selling:
Seller's Health Problems
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.