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Fifteen Year Independent Grocery In Cincinnati For Sale

  • March 18, 2021 8:46 am
  • Chicago
New
sm1
$2,390,000

Overview

  • Revenue : $6,700,000
  • Cash Flow : $710,000

Description

This is a very professional, organized, and extremely profitable operation that has been run by the retirement-aged seller for 15 years. The business operates out of a 21,000 square foot facility on a 1 ½ acre site. Plenty of parking is available along with a very safe and secure setting. Sales and profits have grown every year and 2020 will be their best year ever. Growth potential exists along with the ability to open other locations. The seller has maintenance contracts on most of the equipment and has upgraded much of the equipment through the years. The seller has been very conscientious of energy savings including having all LED lighting throughout the store. The business is offered as an asset purchase, free and clear of debt. The owner will train in all aspects of the business and will be available to ensure a smooth transition. Other highlights include:

SBA loan qualified
No PPP money used
Very secure location
State liquor sales over $875,000
Supermarket POS System in place
State lottery sales over $1,000,000
15 – year General Manager in place
Same bookkeeper and CPA for 15 years
Long – term department managers in place
Clean books and records – all numbers are verifiable
Price includes all equipment – much of which is newer

Property Information

Real Estate: Leased

Premises Details: As stated above, the owner takes a lot of pride in maintaining a very safe environment along with making major upgrades in equipment purchases through the years. There is a service contract on all of the refrigeration cases and air conditioning systems. The refrigeration system is only 3 years old.

Business Operation

Expansion Potential: Growth can be achieved both organically and inorganically. The seller has considered opening up other locations, but due to his age, has opted to maximize his sales and profits from one location. Other changes could be made in product and service offerings as well.

Competition / Market: Obviously, the grocery industry is very competitive, but this particular store has a very loyal following which reaches out beyond the immediate community that it serves. It is a “niche” store that is different from a Kroger store, in as much as it offers lower prices, better value, store-branded items, a smaller footprint, and more personalized service.

Reasons for Selling: The seller is of retirement age and wishes to fully retire.

Trading hours: Monday thru Sunday

Employees: 20

Years established: 15

Other Information

Support & Training: The owner will train in all aspects of the business and will be available to ensure a smooth transition.

Financing available: SBA loan available

Furniture / Fixtures value: $25,000 – included in the asking price

Investment Details:

Purchase shares in this supermarket for as low as $500.

Location

Cincinnati, Ohio, US,Chicago