Two Established Grocery Stores For Sale
Business Description
wo long-established, turnkey grocery stores for sale in Maddock and Fessenden, North Dakota. Both properties include real estate with clear title and come fully equipped with updated refrigeration, shelving, POS systems, and security cameras. Inventory sold at wholesale cost at closing.
These stores are the primary grocery providers within their rural communities, serving as essential businesses with loyal customer bases and minimal local competition. Recent upgrades and the inclusion of buildings give new ownership a significant competitive edge and reduced overhead compared to leased operations.
The Maddock store offers a 10x14 walk-in freezer, new coolers, VacPak machine, and a modern camera system. Both locations are clean, operational, and located 33 miles apart, making them easy to manage jointly.
Financial Summary (2023):
Maddock Net Income: $120,000/year
Fessenden Net Income: $100,000/year
Pricing:
Maddock: $199,000 (real estate) + inventory/equipment at wholesale cost
Fessenden: $250,000 (real estate) + inventory/equipment at wholesale cost
Package Deal: $375,000 (both buildings) + inventory/equipment at wholesale cost
Growth Potential:
New ownership can expand by adding a deli or hot food section, introducing online ordering/delivery, or increasing product lines. The stores may also qualify for the USDA Rural Grocery Store Sustainability Grant to assist with upgrades or expansion.
Transition Support:
Seller willing to stay on for up to 3 months on a limited basis to provide support and training.
Serious inquiries only. Full equipment list and financials available with NDA.
These stores are the primary grocery providers within their rural communities, serving as essential businesses with loyal customer bases and minimal local competition. Recent upgrades and the inclusion of buildings give new ownership a significant competitive edge and reduced overhead compared to leased operations.
The Maddock store offers a 10x14 walk-in freezer, new coolers, VacPak machine, and a modern camera system. Both locations are clean, operational, and located 33 miles apart, making them easy to manage jointly.
Financial Summary (2023):
Maddock Net Income: $120,000/year
Fessenden Net Income: $100,000/year
Pricing:
Maddock: $199,000 (real estate) + inventory/equipment at wholesale cost
Fessenden: $250,000 (real estate) + inventory/equipment at wholesale cost
Package Deal: $375,000 (both buildings) + inventory/equipment at wholesale cost
Growth Potential:
New ownership can expand by adding a deli or hot food section, introducing online ordering/delivery, or increasing product lines. The stores may also qualify for the USDA Rural Grocery Store Sustainability Grant to assist with upgrades or expansion.
Transition Support:
Seller willing to stay on for up to 3 months on a limited basis to provide support and training.
Serious inquiries only. Full equipment list and financials available with NDA.
About the Business
- Years in Operation
- 18
- Employees
- 20
- Currently Home Based
- Yes
- Facilities & Assets
- ? Buildings (ownership transfers at closing)
? Refrigeration, freezers, shelving, POS systems
? Fixtures & equipment (walk-in freezers, VacPak machine, security cameras)
? Inventory at wholesale cost (paid separately at closing) - Website
- https://tracysmkt.com
- Market Outlook / Competition
- Both Tracy’s Market locations serve as essential grocery providers in their respective rural communities. With limited local competition, they hold a loyal customer base and strong vendor relationships.
Each store is the primary full-service grocery option within a 30+ mile radius, offering convenience and accessibility to residents who prefer shopping locally. - Opportunities for Growth
- (Opportunities):
Add a Deli or Hot Foods Section
Appeals to busy local residents and workers
Offer more household items, specialty foods, or local farm products
Capture sales lost to larger regional chains
Online Ordering & Delivery
Minimal competition for this in rural areas
USDA Grants & Local Economic Incentives
Potential funding for upgrades or service expansion
Cons
Deli/hot foods requires equipment & permitting
Hot foods or expanded hours may require additional staff
Limited growth ceiling compared to urban markets
Real Estate
- Owned or Leased
- Owned
- Not included in asking price
- Building Sq. Ft.
- 15,000
About the Sale
- Seller Motivation
- Current Owner After 40 years in the Grocery Business is Retiring
- Transition Support
- Transition Support:
Owner willing to stay on for up to 3 months on a limited basis to provide support and training to ensure a smooth transition. - Financing Options
- USDA Grants available for Rural Grocery Stores, Low Interest JDA, Local Banks
Listing Info
- ID
- 2388878
- Listing Views
- 608
Attached DocumentsAttachment Disclaimer
Business Location
Listing ID: 2388878 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. See our full Terms of Use. Learn how to avoid scams.
Businesses for SaleNorth Dakota Businesses for SaleNorth Dakota Food & Beverage Businesses for SaleNorth Dakota Grocery & Supermarkets Businesses for Sale
