Successful Specialty Grocery Store & Restaurant

Not Disclosed, KS


Asking Price: Annual Revenue:
$1,300,000 $2,736,395

Food & Beverage: Miscellaneous


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RE: Successful Specialty Grocery Store & Restaurant Broker: Chris Kerth

Quick Facts

Asking Price: $1,300,000
Annual Revenue: $2,736,395
Net Profit: Not Disclosed
Cash Flow: $318,762
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 1960
Employees: 32
BBN Listing #: 88484955
Broker Reference #: 5513-14497

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Business Overview:

Very popular store that has been in this market for generations. This business also includes an awarded winning restaurant under the same roof. The two concepts promote one another allowing the consumer to sample the final product or prepare a special meal at home themselves. The restaurant brings a steady flow of foot traffic. The market has evolved over several generations and is a well know destination that has not lost its sense of tradition. The new location and facility were designed and built specifically for this business. Dual concepts have created diversification for the owner. Many avenues to grow. Great family opportunity.

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Property Features and Assets:

The Real Estate is also owned by the seller and available for sale. A new owner has two options 1. Lease the location 10-year at approximately $11,225 per month NNN or 2. Purchase the Real Estate $1,100,000. If the Buyer is seeking bank funding, the additional purchase of Real Estate will have a positive effect on debt service for the entire purchase. Option 1 lease rate is included as an expense in the financials. The new facility includes new equipment which is on a scheduled maintenance program and is serviced regularly. Total Assets: $179,980

Market Competition and Expansion:

Consumers shop larger retail chains for most groceries but will make a special trip to this destination for its quality and service. The current owner has taken a very active roll in the company which has played a factor in the success. Recent expansions have created a number of additional opportunities. More than the owner can juggle. A team approach to management would enable the business to grow at a steady, controlled and efficient rate.

Reason for Selling:

Retirement.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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