Established Grocery Store with $159k of Inventory

Not Disclosed, IA

Asking Price: Annual Revenue:
$219,000 $1,455,288

Food & Beverage: Grocery & Food Stores

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RE: Established Grocery Store with $159k of Inventory Broker: Michael Rooney

Quick Facts

Asking Price: $219,000
Annual Revenue: $1,455,288
Net Profit: Not Disclosed
Cash Flow: $28,104
Total Debt: Not Disclosed
FF&E: $172,848
Real Estate: Not Disclosed
Year Established: 1958
Employees: 13
BBN Listing #: 82734955
Broker Reference #: 5003-14512

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Business Overview:

This profitable grocery store is the only supermarket in a beautiful small town in Iowa. Revenue is consistently over $1,400,000/year. Great Opportunity to own your own well established store and Real Estate is available. This business is listed to sell quickly for only $219,000. Inventory is estimated to be $159,000 and is included in the sale. Real Estate is only $199,000 for 7,540 square feet building.

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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 7,500 square feet. Property also includes a large parking lot. Current Lease is $3,000/month. If a Buyer were to purchase Real Estate for $199,000 and finance over 20 years at 8% interest, the monthly mortgage would be a very reasonable $1,665/month allowing for better profit margins. All furniture, equipment and other assets including inventory necessary for operation of grocery store are included.

Market Competition and Expansion:

It is the only grocery store in town and the nearest full service store grocery store is approximately 15 miles away. This prime location is at the intersection of two major highways and could potentially tap into the convenience store market given the prime location. Buyer could also potentially increase catering to improves sales and profits even more.

Additional Details:

  • The property is leased.
  • The owner is not 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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