15 Year Independent Grocery - $6,700,000 Sales, $710,000 Owner Earnings

15 Year Independent Grocery - $6,700,000 Sales, $710,000 Owner Earnings Location: Greater Cincinnati
Listing Number: 13625

Financial Information

Asking Price: $2,390,000
Gross Revenues: $6,700,000
Cash Flow: $710,000
Real Estate: Leased

Business 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