Business Overview

Large 8,800 sq ft Supermarket is being offered for sale with Real Estate:
Price for Supermarket with Real Estate is $989,000.00 plus inventory.
Seller willing to Owner Finance with 30% Down Payment.

This money maker supermarket is in a great location with plenty of parking! Current owner purchased it in 2021 but need to sell due to a family situation that is forcing them to move. In just 6 months this location grossed the owner over $120K and a $14K net! 7 employees run the day to day operations of the business. There is HUGE ROOM FOR GROWTH by adding additional services such as Lottery sales, Beer and Tobacco sales, and a Deli.

New owner can expect to average an annual net income of over $200K if owning the Real Estate. (These annual net income averages are based on the current operation and do not include the potential income from the additional services that can be added.)

***BP has offered $325K to build a Gas Station at this location. New owner can choose to have a BP Gas Station built at this location which will promote growth and increase revenue***

*Gross Revenue and Cash Flow above are based on a semi annual average (6 months average)*

Contact the selling agent at 678-243-5665 for more information
OR fill out the “Contact Form” to receive the Non Disclosure Agreement for signature and additional details.

Financial

  • Asking Price: $989,000
  • Cash Flow: $116,220
  • Gross Revenue: $776,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:8,800
  • Lot Size:N/A
  • Total Number of Employees:7
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

2 weeks

Purpose For Selling:

Moving

Additional Info

The business has 7 employees and resides in a building with approx. square footage of 8,800 sq ft.

Why is the Current Owner Selling The Business?

There are all sorts of reasons people choose to sell operating businesses. Nonetheless, the genuine reason and the one they tell you may be 2 absolutely different things. For instance, they might say "I have too many other commitments" or "I am retiring". For lots of sellers, these factors stand. However, for some, these may just be reasons to attempt to conceal the reality of changing demographics, increased competition, current decrease in revenues, or a variety of various other reasons. This is why it is really crucial that you not rely entirely on a vendor's word, yet instead, make use of the vendor's response along with your total due diligence. This will repaint an extra realistic image of the business's present circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your offer. Many businesses take out loans so as to cover points like stock, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can suggest that revenue margins are too thin. Many companies come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future commitments to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that need to be met or may result in penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location attract new customers? Many times, operating businesses have repeat consumers, which create the core of their everyday profits. Certain variables such as new competition growing up around the location, roadway construction, and personnel turnover can impact repeat consumers as well as adversely impact future revenues. One essential thing to consider is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Obviously, the more individuals that see the business regularly, the higher the chance to develop a returning customer base. A last thought is the basic location demographics. Is the business located in a largely populated city, or is it situated on the edge of town? How might the neighborhood typical household income effect future revenue prospects?