National Grocery Store $3.5M Gross Annual

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Asking Price:
$25,000

Gross Revenue:
$3,500,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$140,000
not included in asking price

FF&E:
$500,000
included in asking price

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Business Description

Ideal business opportunity for an experienced individual or family in the grocery business. The building, the leasehold improvements and equipment are all in excellent condition. This is a turn key opportunity with some owner financing on the inventory to be considered. For additional information, please contact Mike at 301-675-1292 or mike@saedlogroup.com. Sale of the business and the "use/lease of the equipment" is only $25,000 key money. Business is operating, expected to do $3.7 Million in 2017. Seller will consider some financing on the inventory. new owner would need a strong financial statement and good experience

About the Business

Location:
Keyser, West Virginia
Year Established:
2002
Number of Employees:
15
Real Estate:
Leased
Building Sq. Ft.:
18,000
Rent:
$99,000,000.00 Per Month
Lease Expiration:
7/1/2027
Facilities:
18,000 square foot national grocery store in excellent condition. A freestanding building located in a shopping center with plenty of parking. Only a $25,000 key payment for the use of all equipment, leasehold improvements, good will, training. Buyer would only need to pay key money and cost of inventory. Lease cost is based on a 5 year step lease. First year $5,500.
Market Outlook/
Competition:
No immediate or new competition that we know of in the area.
Growth & Expansion:
We feel the number one way to improve the business is to find an owner/family operator. Business is presently run by absentee investors. Business is presently operating under a national name brand that can be continued or business can operate under a new identity.
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About the Sale

Reason For Selling:
Owners/investors have other business interests
Training/Support:
Yes, 30 days if needed
Seller Financing:
yes to be determined

Listing Info

ID:
1390468
Ad Detail Views:
668

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Business Listed by

Mike Saedlo

Mike Saedlo Group, LLC

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