Full Service Family Owned Grocery Store for Sale

Not Disclosed, CT

Connecticut


Asking Price: Annual Revenue:
$1,700,000 $5,100,000

Food & Beverage: Grocery & Food Stores


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RE: Full Service Family Owned Grocery Store for Sale Broker: Jeff Swiggett

Quick Facts

Asking Price: $1,700,000
Annual Revenue: $5,100,000
Net Profit: Not Disclosed
Cash Flow: $879,000
Total Debt: Not Disclosed
FF&E: $340,000
Real Estate: Not Disclosed
Year Established: 1973
Employees: 20
BBN Listing #: 586555237
Broker Reference #: 41980281

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Business Overview:

This grocery store has a great location, a strong history, a loyal clientele and has become part of the fabric of their community. In addition to being a full-service grocery store, they specialize in providing a large variety of their own cooked and prepared foods. That is part of what keeps customers coming back. They have a strong focus on serving every customer with the motto: “You get what you want, fast service, and you don’t wait.” This store has full Meat, Deli and Bakery departments in addition to frozen foods and produce. The owners enjoy this business success without any advertising. With a strong management team remaining, this is a great acquisition for an individual or a business with grocery experience. This is also a great opportunity for an acquirer in a related or similar business seeking to expand their market and drive synergistic value.

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Property Features and Assets:

The business operates in 9,000 square feet of space on one acre of land with ample back-of-the-store space along with loading docks, storage and offices and is in very good condition. Located central to town and the surrounding community. Sellers own the property under a separate legal entity. Available to lease at $9,000 per month triple net or available to purchase for $2 million.

Market Competition and Expansion:

The store competes with other bigger store chains but like any smaller retailer anchored to a community, customers come to it for the service, the meat department and the deli that offers a variety of prepared foods and meals. Its a fixture in the community. Pursue more aggressive advertising and marketing and cater to out of towners that visit on a seasonal basis.

Reason for Selling:

Owners wish to retire.

Additional Details:

  • The property is owned.
  • 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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