$40MM+ Revs Rural Grocery Chain in Southeast U.S.
Location: North Carolina > Various Locations in Southeast U.S.
Industry: Food and Beverage > Grocery and Supermarkets
Financials
Gross Revenue: $40,600,000
Cash Flow: $2,100,000
Seller Financing: Some financing available to qualified buyers.
Business Summary
This portfolio includes 9 stores available for sale in the Southeast U.S. The owner is willing to sell all 9 stores as a package or will consider selling groupings of 3-4 stores based on location. He will not sell individually. The stores are currently targeted toward the lower- and middle-income rural market. If you are in the grocery or food industry, this is an excellent opportunity for you to acquire a solid portolio of stores.
About the Business
Facilities: These stores are all operating in shopping centers with excellent, low-cost, long-term leases in place. The stores are all branded under the same name. The locations are all within 3-4 hours of each other. The various locations target several demographics and markets.
Market Outlook and Competition: Grocery stores are not highly impacted by the state of the economy as it is a recession-proof industry. A new owner could rebrand the stores based on the demographics of the area. Several of the stores don't face much direct competition as most locations nearest competitor is several miles away.
About the Sale
Management Training and Support: Owner willing to stay on for up to 6 mos of training.
Reason For Selling: Retirement
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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