Neighborhood Grocery Store

Not Disclosed, FL


Asking Price: Annual Revenue:
$350,000 Not Disclosed

Food & Beverage: Grocery & Food Stores


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RE: Neighborhood Grocery Store Broker: Dan Smith

Quick Facts

Asking Price: $350,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $300,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 20
BBN Listing #: 98681062
Broker Reference #: 90407048

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Business Overview:

For over 35 years, this one of a kind NEIGHBORHOOD GROCERY STORE is the go to destination for prepared foods, fresh cut meats, fish, produce, deli, frozen foods, bakery, wines and more. Beautiful buildout, clean and bright with a lot of brand names and hard to find items that can't be found at the large grocery chains. In addition to the grocery, the business has an OUTDOOR CAFE serving hot and cold specialty sandwiches, pizza and large variety of authentic Italian entrees. Over 17,000 SF of space with business owned equipment makes this a very attractive opportunity for an entrepreneur with or without industry experience. Real Estate is available at appraised value, estimated at $2.8MM or long term lease option at market rate estimated at $15,000/mo. This is a turnkey operation. Included in the purchase price is approx. $150,000 of product inventory. Declining health and retirement motivates this seller to turn over the keys and make a deal. Business is priced BELOW FMV of ASSETS. There is more to the story than the advertised cash flow of this business. Pandora's box awaits the next, energetic owner.

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Property Features and Assets:

Free Standing Building. Lease Terms and Options: Negotiable.

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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