Seller Finance Available On Real Estate
Rare opportunity to acquire a family-owned, IGA-affiliated grocery store with a nearly 70-year legacy, as the current owners are retiring.
The sale includes the real estate: a 12,000 sq ft building (with 10,000 sq ft of retail space) on .78 acres of land, featuring parking for 50 cars.
Overview:
2024 Total Net Sales: $5,955,148
Financials:
Weekly Sales: $115,000
Payroll: $16,000 / weekly
Inventory: $500k
Rent: (owned)
Taxes: $48,000 (property taxes)
Real Estate Value: ~$2 million
Net Cash Flow: ~$400k
Business Highlights:
12,000 sqft total (2,000 sqft of storage)
10,000 sqft of retail space
Owner operated (Husband & Wife)
In the family since 1950’s
Has a commercial grade kitchen
50 car parking spots
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
