This profitable business has been in business for 73 years and the current owner has owned the business for over 45 years. The business has been approved for an SBA loan which means with 20% down the bank will finance 80% of the purchase price. The store is on a major thoroughfare in a very desirable town and has terrific visibility and easy access. The store consists of the following departments: a deli, a hot and cold foods section, a fresh meat section, wine, beer and liquor section, and produce and grocery section. Sales have increased yearly as follows: 2017 - $5,996,208; 2018 - $6,185,403; 2019 - $6,334,166 and 2020 - $6,465,926. Profits have been strong yearly as follows: 2018 - $1,126,454; 2019 - $1,067,672 and 2020 - $1,105,174. The product mix is approximately as follows: groceries - 29%; delicatessen - 28%; beer - 12%; meats - 9%; liquor -5.3%; carbonated beverages - 5.2%; wine - 4.8%; tobacco products - 4.7%; and produce - 2%.

General Info

  • OrganizationContact For Info
  • Established1950 approx
  • Current Owner1974
  • Employees36 - 12 part time and 24 full time
  • Reason For SaleOther Interests

Facilities

  • SeatingContact For Info
  • Square Feet6,000 building; 20,000 lot
  • ParkingParking lot
  • LicensesBusiness, ABC
  • Open Hours7 / 6 days 5:30a-8p; 1 day 5:30a-7p

Lease

  • Rent$8,000
  • Expiration6/30/2035
  • Yearly IncreaseFixed increases
  • OptionNegotiable
  • DepositContact For Info

Financials

  • Monthly Revenue$538,827
  • Monthly Cash Flow$92,098
  • Annual Revenue$6,465,926
  • Annual Cash Flow$1,105,179
  • Payroll$Contact For Info

Financing

  • Down PaymentContact For Info
  • Note BalanceContact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info
DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

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