Listing ID: 82921
Business Overview
Sunbelt Business Brokers of Baton Rouge presents this long standing grocery store for sale in South Louisiana. Store has been in operation for over 4 decades servicing its local community. Store has minimal to no competition in its town. Store has long tenured and well trained employees. Store is an affiliated co-op grocery store. Owner implies store has room to grow with more attention paid to it. Land and building are included in the sale. Building is approximately 8,000sqft. Grocery store is a full service store but has no bakery.
Owner is ready to retire and has decided to sell. Seller will help train and transition new owner. Contact us today for more information on this long standing grocery store for sale. Come meet the owner, see the perfect fit for you, be impressed and make offer!
Owner also has a convenience store available for sale that owner would sell as a package with the grocery store. Owner may consider some seller financing for a qualified buyer with a substantial down payment. Convenience store is located in another town in South Louisiana within very reasonable driving distance of the grocery store.
Agent Gary Cowell is licensed to sell real estate in Louisiana. Gary is sponsored through Sunbelt Business Brokers of Baton Rouge, sponsoring broker Brandon Bourgeois 225-201-0202. Please contact Gary directly for more information at 225-201-0202.
Financial
- Asking Price: $1,000,000
- Cash Flow: N/A
- Gross Revenue: $1,666,000
- EBITDA: N/A
- FF&E: $30,000
- Inventory: $100,000
- Inventory Included: Yes
- Established: 1972
Detailed Information
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:8,000
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
Available
Retirement
Additional Info
The business was established in 1972, making the business 50 years old.
The sale shall include inventory valued at $100,000, which is included in the requested price.
The business has 3FT 2Pt employees and resides in a building with approx. square footage of 8,000 sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals resolve to sell businesses. However, the true factor and the one they tell you might be 2 entirely different things. As an example, they may claim "I have way too many various responsibilities" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these may just be reasons to try to hide the reality of changing demographics, increased competitors, current reduction in incomes, or an array of other reasons. This is why it is really important that you not count totally on a vendor's word, yet rather, use the vendor's response along with your general due diligence. This will paint a much more practical image of the business's current circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your offer. Many businesses borrow money so as to cover items like supplies, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can mean that revenue margins are too tight. Lots of companies fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future obligations to think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that must be satisfied or might cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location draw in brand-new consumers? Often times, companies have repeat clients, which develop the core of their day-to-day revenues. Certain variables such as new competitors growing up around the location, road building and construction, and staff turnover can influence repeat clients as well as negatively affect future revenues. One important point to think about is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Certainly, the more individuals that see the business on a regular basis, the better the opportunity to construct a returning consumer base. A last thought is the basic area demographics. Is the business placed in a densely populated city, or is it located on the outskirts of town? How might the neighborhood typical household earnings effect future earnings prospects?
