Established Grocery Store with $159k of Inventory Included
For Sale in IA
Financial & Assets Details
About the Business
Business Description
This profitable grocery store is the only supermarket in a beautiful small town in Iowa. Revenue is consistently over $1,400,000/year. Great Opportunity to own your own well established store and Real Estate is available. This business is listed to sell quickly for only $219,000. Inventory is estimated to be $159,000 and is included in the sale. Real Estate is only $199,000 for 7540 sq ft building.
Growth & Expansion
This prime location is at the intersection of two major highways and could potentially tap into the convenience store market given the prime location. Buyer could also potentially increase catering to improves sales and profits even more.
Market Competition:
It is the only grocery store in town and the nearest full service store grocery store is approximately 15 miles away.
Location Details:
Nice building and great location in center of town. Building is a large standalone brick building over 7500 sq ft. Property also includes a large parking lot. Current Lease is $3000/mo. If a Buyer were to purchase Real Estate for $199,000 and finance over 20 years at 8% interest, the monthly mortgage would be a very reasonable $1665/mo allowing for better profit margins.
Reason for Selling:
Retirement.