Food Service And Grocery Business With Property

Business Overview:

This Food Service and Grocery Store Business with Property produces over $2 million in sales and would be an excellent match for an individual or partnership to apply their entrepreneurial skills and manage a very successful local community-based business. The business increased its loyal following during 2020 and has maintained those relationships as many of the new customers changed their habits from shopping the big box stores to shopping locally as prices are competitive, the deli service and pre-made meals offer convenience and the quality of their meat selections are superior. Sales in 2022 were $2,054,295 and $2,142,776 in 2021; producing discretionary earnings to the owners over $350,000 each year.

The location is excellent, just 10 miles from the interstate on a main commuting route. The building is well-maintained with approximately 5,000 square feet of usable space with plenty of parking available.

The business and property including $200,000 worth of furniture, fixtures and equipment, training during the transition to a new owner, good will, non-compete agreement, supplier and vendor lists are available for $1,395,000 plus the value of the inventory and supplies at the time of transfer. The value of the inventory and supplies are approximately $70,000 and will depend on the business cycle at the time of the transfer of the business to a new owner. The offering price is allocated at $345,000 for the value of the real estate and $850,000 toward the value of the business and $200,000 toward the assets of the business.

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Property Features and Assets:

The location is excellent, just 10 miles from the interstate on a main commuting route. The building is well-maintained with approximately 5,000 square feet of usable space with plenty of parking available.

Reason for Selling:

Retirement

Additional Details:

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