40 Year Old Family Owned Grocery And Deli
Location North Carolina,United States
Asking Price Range $500K - $1.0M
Gross Revenues $750000
Net Profit / Cash Flow $250000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1969
Number of Employees 4 - 5
Inventory 35000
Relocatable No
Number of Employees 4 - 5
Real Estate Owned
Training One month.
Reason for Sale Retirement.
Description We are selling our family business that has made a profit every year. Started in 1969, the business has been run by the same family since that time and is a mainstay in the neighborhood. It is at a busy intersection near college housing and on a major business thoroughfare with high traffic counts. The existing building and the surrounding land is included in the price. Gas pumps are installed and the tanks are up to code, the walk in beverage refrigerator has recently been upgraded and all fixtures are in working order.
Gross revenue each day is $1,500-$2,500, higher on college game days and during the state fair, which is nearby.
There are no existing service contracts that would bind the buyer.
Seller is asking $800,000, and reserves the right to negotiate a higher price should the buyer want to keep the family name on the business. Contact for more information on this Grocery and Deli for sale.
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