Family Grocery Store With Strong Sales

Not Disclosed, NC


Asking Price: Annual Revenue:
$635,000 $1,690,727

Food & Beverage: Grocery & Food Stores


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RE: Family Grocery Store With Strong Sales Broker: Sean Rollins
Owner Financing is Available!
$31,750.00

Quick Facts

Asking Price: $635,000
Annual Revenue: $1,690,727
Net Profit: Not Disclosed
Cash Flow: $141,554
Total Debt: Not Disclosed
FF&E: $132,227
Real Estate: Not Disclosed
Year Established: 1959
Employees: 12
BBN Listing #: 633958201
Broker Reference #: 13485-667005

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Business Overview:

This is a family run complete grocery store with meat, grocery, produce, and frozen food sections. In addition the owners have added other revenue streams which include LP Gas sales, money order sales, NC Lottery, check cashing, and video slot machines.

This grocery store was founded in 1959, and purchased by current owners in 1986. It is the only family run grocery store in town, which keeps with the feel of this small Eastern NC community.
The sellers have not been marketing their business in recent years. Sales are coming purely from their reputation, and repeat business. This is an area of potential growth for new owner. Seller's state they have found great success when offering coupons in local media.

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Reason for Selling:

Retiring

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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