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Grocery Store For Sale
Location Minnesota,United States
Asking Price Range < $250K
Gross Revenues $580000
Net Profit / Cash Flow $0
Cash Flow Type EBITDA
Seller Finance No
Year Established 2003
Number of Employees 1 - 3
Inventory Inventory $40000. Equipment $75000.
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Training Training is availale.
Reason for Sale Owner would like to pursue other interests.
Description Small grocery store for sale in southwest Minnesota. This business is currently operating and has been a staple in this community of 650 people for decades. The current owner has been operating this business since 2003. Asking Price is $165,000. All the inventry, the equipment and the real estate are included in the sale of this business. This store has 2 checkouts with a scanning system that was new in 2006. Equipment includes the scanning system along with the back room computer, 9 doors of freezers, an 8ft produce case, a 3 door dairy case, an 8ft meat case, a 1 door pop cooler, all the Lozier shelving 95% of which was new in 2006, hobart meat grinder, deli slicer, wrap table and scale, butcher block table, 3 stainless steel tables, 1 indoor walk-in cooler, 3 chest freezers. The building is actually 2 buildings that have been remodeled as 1. 4000sq feet. About 3000 of which is sales floor. In 2006 new lighting and flooring were put in. Electric is all circuit breaker. One building has a fuel oil furnace that takes about 1 tank of fuel per winter. The other building uses propane and takes about $500 worth per year. The basement in one of the buildings is finished and could easily be converted into an apartment for the store owner or for a rental unit. Roof was done in 2009. Buildings have a video camera system along with an ADT alarm system. Store is located on the main street, nestled right between the bank and the post office. The only full time employee other than the owner has been employed at this store for 20+ years and knows the business inside and out. The other 2 employees are very part time and are both very good employees. The sales for last year were around $580,000 and are looking like they will be a touch higher for this year. This store is clean and well cared for. The next owner of this business can walk in on day 1 and start making money.
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