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Well Established Grocery Store And Deli For Sale

Iowa
Asking Price:
$175,000 (USD) Furniture / Fixtures included
Sales Revenue:
$1,223,017 (USD)
Cash Flow:
$60,335 (USD)

This full service grocery store includes produce, meat, deli and liquor, and has consistently generated sales over $1.1 million per year, located on a major highway in Western Iowa. It is the only grocery store in a nice community that is home to a regional High School and several manufacturing plants.

Property information

Real Estate:

Lease

Premises Details:

Real Estate is available to purchase or lease. Building is over 7000 sq ft and has plenty of parking on a major highway with high visibility.

Business Operation

Expansion Potential:

A profitable deli was added a few years ago and has great potential to expand since seller frequently turns down requests for catering which could increase revenue, cash flow & earnings. New owner could potentially improve the cost of goods sold percentage currently averaging 80% to be nearer the 70% industry average and potentially add $100K to bottom line.

Competition / Market:

This is the only grocery store within a 15 mile radius. One convenience store in same town is sole competition.

Trading hours:

Mon-Sat 7:30am-7pm; Sun 9am-12:30pm.

Employees:
1 FT/9 PT
Years established:
60

Other Information

Support & training:

Will train for 2 weeks @ no cost.

Services include produce, meat, liquor, deli and occasionally catering.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Furniture / Fixtures value:
$100,000 (USD) - included in the asking price
Inventory / Stock value:
$170,000 (USD)

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