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C - Store Full Service, Includes Real Estate
Location Ohio,United States
Asking Price Range $250K - $500K
Gross Revenues $890000
Net Profit / Cash Flow $80000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1977
Number of Employees 4 - 5
Relocatable No
Number of Employees 4 - 5
Real Estate Owned
Training Yes - one month
Reason for Sale Retiring
Description Gross sales were $1.2 Million before the husband died. The asking price for the business and the real estate is $325,000 plus inventory at cost (appx. $25,000). A local bank has already agreed to finance this package to a buyer that has experience in this type of business, has a good credit score, and has a minimum of $150,000 for a down payment.
This family run full service grocery store has been serving Ashland County since 1951; the current owners have owned it since 1977. The store has a full line of groceries including and a deli. The store owns the Triton ATM Machine and they also sell beer, wine, cigarettes, ice, and lottery tickets.
In 2004, the store was completely remodeled at a cost of $292,000. This included the installation of all new equipment. Everything is neat, clean, well maintained and organized.
The real estate includes the store with 2,500 sq. ft, plus an 884 sq. ft. house with two bedrooms, a basement, and a two car attached garage, plus a 12 X 16 Pole Barn. There is ample parking in front of and along side the store. There is a large vacant lot on the right side of the building that is included in this real estate package. The Grocery Store and the house sit on .833 acres.
Before the husband died the gross sales were $1.2 Million. The business and the real estate is in a trust that is in the wife and daughter's name. Since the husband died three years ago, the wife has decided to sell the business and retire. A full equipment list will be provided upon request.
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