Essential Business Available-Grocery Store #431

Quincy, IL
Boone County

Asking Price: Annual Revenue:
$199,000 $1,565,004

Food & Beverage: Grocery & Food Stores

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RE: Essential Business Available-Grocery Store #431 Broker: Ben Strake

Quick Facts

Asking Price: $199,000
Annual Revenue: $1,565,004
Net Profit: Not Disclosed
Cash Flow: $127,244
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: $300,000
Year Established: 1962
Employees: 10
BBN Listing #: 38047756
Broker Reference #: 431

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Business Overview:

Price Reduced! Motivated Seller -Family owned for multiple generations; this store has remained successful for over half a century. Sellers are ready to retire and pass on this family business to the next generation. There are a number of items not currently sold, that could help a new owner expand the business, as well as additional hours. Key employees are in place and looking for an owner/operator or investor to take this business to new heights. Owners decided to shut down during the Covid Crisis and have enjoyed retirement enough that they have recently decided not to reopen until it sells. Real Estate is also available for an additional $300,000. For more information, please contact us.

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Property Features and Assets:

Building OWN; Over 9,000 square feet. Real Estate is available for an additional $300,000.

Market Competition and Expansion:

Competition: Other Grocery Stores Expand: Lottery Tickets & Expand Take-Out Meals.

Reason for Selling:

Move Closer to Family.

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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