Retail-Grocery / Catering & Deli

Not Disclosed, IA

Northwest Iowa

Asking Price: Annual Revenue:
$350,000 $1,050,000

Food & Beverage: Grocery & Food Stores

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RE: Retail-Grocery / Catering & Deli Broker: Al Lorenzen

Quick Facts

Asking Price: $350,000
Annual Revenue: $1,050,000
Net Profit: Not Disclosed
Cash Flow: $40,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $135,000
Year Established: 1959
Employees: 8
BBN Listing #: 534853881
Broker Reference #: 9200DH

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Business Overview:

This grocery and catering business has been serving the Northwest Iowa community for 60 plus years. The current owners have run the operation for 12 years. The work staff is comprised of 8 part time employees with the 2 working owners. Open 7 days a week with the catering business accounting for approximately 30% of the revenue. The operation serves 40-60 lunches per day. The grocery operation is the sole option for the immediate community. The owners would stay for an agreed upon amount of time to ensure a smooth transition. The price includes the inventory and equipment.

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Property Features and Assets:

Inventory included in price.

Market Competition and Expansion:

Adding a pharmacy could increase traffic.

Reason for Selling:

Changing Carers.

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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