Listing ID: 83217
Business Overview
This well-established grocery store for sale is located in North Mississippi. Founded in 1974 and having been owned and operated by the same family. Fully trained staff of loyal and enthusiastic employees. This grocery store is in a prime real estate location for customers to reach.
This business experiences a high rate of customer satisfaction as evidenced by glowing online reviews and referrals. Great opportunities for growth and expansion. Transition Support will be available for a new buyer.
This remarkable opportunity is ideal for a hardworking professional with a background in business management or retail management.
Financial
- Asking Price: $441,000
- Cash Flow: $100,058
- Gross Revenue: $3,210,217
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1974
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Seller will negotiate a transition period
Additional Info
The venture was established in 1974, making the business 48 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell businesses. However, the real factor vs the one they say to you might be 2 completely different things. As an example, they might state "I have way too many various obligations" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these might simply be justifications to try to conceal the reality of changing demographics, increased competitors, recent decrease in incomes, or a variety of other factors. This is why it is very vital that you not rely entirely on a seller's word, yet rather, make use of the seller's solution along with your total due diligence. This will paint an extra practical picture of the business's present circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous businesses borrow money in order to cover points such as supplies, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can indicate that profit margins are too tight. Lots of companies fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future obligations to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that need to be fulfilled or may result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location bring in new customers? Often times, companies have repeat consumers, which create the core of their everyday earnings. Particular variables such as brand-new competitors sprouting up around the area, road building, and personnel turnover can influence repeat customers and adversely impact future profits. One crucial thing to take into consideration is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Clearly, the more individuals that see the business often, the greater the opportunity to build a returning customer base. A final idea is the basic location demographics. Is the business located in a largely inhabited city, or is it located on the outside border of town? Exactly how might the regional average household earnings impact future earnings potential?
