Listing ID: 80898
Business Overview
Grocery Store Opportunity: This Grocery Store has been locally owned & operated by the Sellers for the last 16 years! This is a full-service Grocery Store that prides themselves in providing their customers a great shopping experience, good values, and friendly and helpful service from their outstanding employees. The shelves are well stocked with a variety of products and “if they don’t have it, THEY WILL GET IT!”
-The store ended with a a 13.04% INCREASE IN SALES for 2020 and is getting ready to roll-out an on-line shopping program which SHOULD INCREASE SALES BY ANOTHER 7%!
-Store provides “Call-In” orders for the elderly, shut-ins, and those concerned about COVID-19!
-Approved as an Amazon Locker site which will be coming in the next 3-4 weeks!
-They have a “Community Cupboard” for people to donate for those in need!
-Departments consist of: Grocery, full-service Meat with a true butcher block, Produce, Floral, Scratch Bakery (one of the very few remaining in the Valley), a full-service Deli and a Coffee/Smoothie/Juice Bar.
-The Customer Service Center provides the following services: Money Orders, Money Gram Center, Faxing Services, Check Cashing, Lottery as well as a Utility Payment Center.
-The 37,000 sq. ft. facility is a leased building on a high traffic location and is ideally located dead center of the communities’ population. The building where the store is located has 15 years remaining on the lease with a lease rate of ONLY $2,850/monthly fixed rate for the term of the lease.
PLEASE DO NOT BOTHER EMPLOYEES OR ASK ANY QUESTIONS!
SHOWN BY APPOINTMENT ONLY!
Prospective Buyers must sign a Confidentiality Agreement as well as provide proof of funding!
Business is being marketed by:
Downs Realty-Chet Pipkin, Principal Broker
Call Chet today at (208) 866-5540
Financial
- Asking Price: $3,300,000
- Cash Flow: $835,651
- Gross Revenue: $11,706,555
- EBITDA: N/A
- FF&E: $1,182,568
- Inventory: $700,000
- Inventory Included: Yes
- Established: 2002
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:37,000
- Lot Size:N/A
- Total Number of Employees:86
- Furniture, Fixtures and Equipment:N/A
-The 37,000 sq. ft. leased facility is on a high traffic location and is ideally located dead center of the communities' population. -A 60’ x 21’ (1,280 sq. ft.) removable covered canopy out-front provides a great location for special outdoor events & promotions as well as an ideal location for a Farmer’s Market to feature locally grown products available at the store. -There is also a 9,000 sq. ft. retail building included on .37 acres which is part of their Corporate Office and some leased space. -The Sellers had a new 3-layer roof system installed October 2017 as well as a new Bakery oven and total store light retrofit to LED lights! -Additional renovations were completed in 2014 adding & expanding departments, new floors in departments, new cases & freezers, ceiling tiles and an energy control system were installed.
Negotiable, as needed! There is a General Manager in place that has worked the store for the last 30 years. He would stay on so this is a great opportunity for a passive owner!
Owners wish to retire!
Lots of competition in the area, but this locally owned Grocery Store has it's own niche!
Great Store/Great Employees/Great Community!
Additional Info
The company was founded in 2002, making the business 20 years old.
The sale does include inventory valued at $700,000, which is included in the requested price.
The business has 86 employees and is located in a building with disclosed square footage of 37,000 sq ft.
The building is leased by the company for $2,850 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals resolve to sell operating businesses. Nonetheless, the true factor and the one they say to you may be 2 completely different things. As an example, they may say "I have a lot of other responsibilities" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these might simply be excuses to try to conceal the reality of changing demographics, increased competitors, current reduction in revenues, or a range of various other factors. This is why it is extremely crucial that you not count absolutely on a vendor's word, yet instead, utilize the vendor's response in conjunction with your total due diligence. This will repaint a more reasonable image of the business's present circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your offer. Lots of operating businesses take out loans in order to cover things like stock, payroll, accounts payable, etc. Bear in mind that sometimes this can imply that revenue margins are too thin. Numerous organisations fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that have to be met or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area attract brand-new clients? Most times, businesses have repeat customers, which form the core of their daily profits. Certain elements such as brand-new competitors sprouting up around the area, roadway building, and employee turnover can influence repeat consumers and also negatively influence future incomes. One important thing to consider is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Obviously, the more individuals that see the business often, the higher the chance to build a returning client base. A final thought is the basic location demographics. Is the business placed in a largely inhabited city, or is it situated on the edge of town? Just how might the regional average house earnings effect future revenue potential?
