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Full Service Grocery Store Business For Sale
Location Iowa,United States
Asking Price Range $250K - $500K
Gross Revenues $1628630
Net Profit / Cash Flow $212260
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1937
Number of Employees 10 - 19
Inventory 262030
Relocatable No
Number of Employees 10 - 19
Real Estate Owned
Training Seller will provide training
Reason for Sale Retirement
Description For over 75 years this full-service, well established Central Iowa Grocery Store has continued to provide quality big store service with small town convenience. The existing owners for 17 years have prided themselves in offering the finest quality groceries and giving hometown service such as taking groceries out to your car or supplying delivery if needed. Well known for their meat department and smoked products that keep people coming from not only the immediate community, but from outside areas as well.
Partnered with one of the largest and most complete suppliers in the country help make a smaller store operate with the benefits of the large chains. Year end rebates, strong promotional and advertising help, business operational counselors are all part of being a member. Electronic pricing, support and communication help with managing the day to day operation. Constant pursuit of cutting edge information is passed on to capture new customers, drive sales and increase margins.
This is only grocery store in community. Currently sells beer and Iowa wine, adding liquor and expanding variety would boost sales in that area. They do not offer lottery or ATM services which pay commission.
Sellers desires to sell real estate with business, for an additional $200,000. Prime corner location. 4 walk in coolers, 2 walk in freezers, 24 door freezers. Complete store renovation in 2005. Good visibility with excellent signage. Excellent location on main street with ample parking on street and parking lot. Bldg 7800 sq ft with receiving area in back with forklift for pallets. Innovative HVAC system keeps utility costs much lower than industry norm.
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