Strong Community Grocery Store in Iowa

Not Disclosed, IA


Asking Price: Annual Revenue:
$145,000 $1,374,854

Food & Beverage: Grocery & Food Stores


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RE: Strong Community Grocery Store in Iowa Broker: Michael Ronney

Quick Facts

Asking Price: $145,000
Annual Revenue: $1,374,854
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $157,310
Real Estate: Not Disclosed
Year Established: 1963
Employees: 19
BBN Listing #: 8874955
Broker Reference #: 5003-14509

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Business Overview:

Nice grocery store in Northeast Iowa in need of a full time owner manager. Store has been profitable in the past when it did not have an absentee owner and could be again with the right buyer and the store is priced to sell. Selling price includes $115,000.00 of inventory.

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Property Features and Assets:

Nice building and great location in center of town. Building is a large standalone brick building over 8,500 square feet. Property also includes a large parking lot. Includes all furniture, fixtures, and inventory necessary to operate the business. Total Assets: $297,644

Market Competition and Expansion:

It is the only grocery store in town and the nearest full service store grocery store is over 15 miles away. This is a nice sized bedroom community of 2,700 positioned between two larger communities and a new buyer could develop a plan to help shoppers shop locally.

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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