Listing ID: 82923
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 venture was started in 1972, making the business 50 years old.
The deal shall include inventory valued at $100,000, which is included in the asking 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 types of reasons people resolve to sell businesses. However, the genuine reason and the one they say to you may be 2 completely different things. For instance, they might claim "I have way too many various responsibilities" or "I am retiring". For many sellers, these factors are valid. But, for some, these may just be reasons to attempt to conceal the reality of changing demographics, increased competitors, current decrease in profits, or a variety of other factors. This is why it is really crucial that you not count totally on a vendor's word, however rather, use the vendor's answer in conjunction with your overall due diligence. This will repaint a more realistic image of the business's current scenario.
Existing Debts and Future Obligations
If the existing business is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your deal. Many companies take out loans in order to cover items such as stock, payroll, accounts payable, and so on. Remember that sometimes this can mean that profit margins are too thin. Numerous companies fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future commitments to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with suppliers that should be satisfied or may result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area bring in brand-new consumers? Often times, companies have repeat consumers, which develop the core of their everyday earnings. Particular variables such as new competitors growing up around the area, road building and construction, as well as staff turn over can impact repeat customers and adversely impact future earnings. One crucial point to consider is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Certainly, the more individuals that see the business regularly, the greater the possibility to build a returning consumer base. A last idea is the basic location demographics. Is the business placed in a densely inhabited city, or is it situated on the edge of town? How might the regional mean house income effect future revenue prospects?
