15 Year Independent Grocery - $6,700,000 Sales

Cincinnati, OH
Hamilton County


Asking Price: Annual Revenue:
$2,390,000 $6,700,000

Food & Beverage: Grocery & Food Stores


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RE: 15 Year Independent Grocery - $6,700,000 Sales Broker: Dan Long

Quick Facts

Asking Price: $2,390,000
Annual Revenue: $6,700,000
Net Profit: Not Disclosed
Cash Flow: $710,000
Total Debt: Not Disclosed
FF&E: $250,000
Real Estate: Not Disclosed
Year Established: 2005
Employees: 20
BBN Listing #: 336616072
Broker Reference #: 13625

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Business Overview:

This is a very professional, organized, and extremely profitable operation that has been run by the retirement aged seller for 15 years. The business operates out of a 21,000 square foot facility on a 1 ½ acre site. Plenty of parking is available along with a very safe and secure setting. Sales and profits have grown every year and 2020 will be their best year ever. Growth potential exists along with the ability to open other locations. The seller has maintenance contracts on most of the equipment and has upgraded much of the equipment through the years. The seller has been very conscientious of energy savings including having all LED lighting throughout the store. The business is offered as an asset purchase, free and clear of debt. The owner will train in all aspects of the business and will be available to ensure a smooth transition. Other highlights include:

SBA loan qualified
No PPP money used
Very secure location
State liquor sales over $875,000
Supermarket POS System in place
State lottery sales over $1,000,000
15 - year General Manager in place
Same bookkeeper and CPA for 15 years
Long - term department managers in place
Clean books and records – all numbers are verifiable
Price includes all equipment – much of which is newer

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Property Features and Assets:

As stated above, the owner take a lot of pride in maintaining a very safe environment along with making major upgrades in equipment purchases through the years. There is a service contract on all of the refrigeration cases and air conditioning systems. The refrigeration system is only 3 years old.

Market Competition and Expansion:

Obviously, the grocery industry is very competitive, but this particular store has a very loyal following which reaches out beyond the immediate community that it serves. It is a “niche” store that is different from a Kroger store, in as much as it offers lower prices, better value, store branded items, a smaller footprint, and more personalized service.

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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