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  • RE:  Grocery Store W Strong Team And $ Reduced $54K
  • Contact:  Jim Hickey
Owner Financing is Available!
Seller is willing to finance a portion of the purchase price, depending on buyer qualifications.

Quick Facts

Asking Price: $414,000
Annual Revenue: $5,300,000
Net Profit: $120,000
Cash Flow: $130,000
Total Debt: Not Disclosed
FF&E: $288,000
Real Estate: Not Disclosed
Year Established: 2013
Employees: 22
BBN Listing #: 945598
Broker Reference #: Not Disclosed

Email or Print Listing

Business Overview:

This established limited assortment grocery store sells dry goods, dairy, frozen foods, fresh meat and produce and non-edible grocery products. They have a dedicated team who provide excellent customer service. With a national reputation for affordable grocery products with quality service, this successful licensee is also recognized by their community involvement and dedicated customers. Large growth opportunities include more online ordering and delivery via Instacart, Door Dash and Uber Eats.

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Property Features and Assets:

The building is leased and in the third five-year extension of that lease. The landlord is responsible for building maintenance. Interior and exterior lighting and signage were updated to LED in 2022. The seller has kept all equipment operational with constant preventative maintenance contracts and emergency maintenance as needed. They upgraded the majority of retail sales refrigeration equipment during a remodel in 2022. No additional capital expenditures would be needed by a buyer.

Market Competition and Expansion:

The current customer profile is low-income families dependent on government benefits and lower middle-class people because of the store location and corporate’s targeted customer base. They are growing their middle class, professional customer segment because they have remodeled their store and using social media to target that sector of potential customers. The geographic market is the zip codes in the city of Elmira and the surrounding area.

Reason for Selling:

Retirement

Additional Details:

  • The property is Leased.
  • The owner is willing to train/assist the new owner.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

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