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Grocery Store, Significant Growth Opp & Managers-in-place! (37985) For Sale

Western ND, North Dakota, US
Asking Price:
On request Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$7,483,277
Cash Flow:
$1,135,954

Accepting Offers! Located in Western North Dakota as the ONLY store its size within a half-hour radius, this business offers full-line grocery products including fresh-cut meats, frozen foods, dairy, deli items, specialty bakery items and health & beauty products. Boasting high ratings and over three decades of experience, revenues totaled $7,483,277 in 2022 next to discretionary earnings of $1,135,954 and an EBITDA of $984,733 with a sales projection reaching $7.5 million for 2023! Able to rotate seasonal hires when needed, a skilled team of twenty nonunion employees including managers can remain post-sale and continue daily processes after a negotiable owner transitioning up to six months. Found in excellent condition with a flexibility to optimize functions and displays, the real estate is available for separate purchase or can hold a fair market leasing of $8,900 monthly. The property is a 6,000-square-foot retail facility complete with 500-sq. ft. of inventory storage and receiving area, a 12’x8’ walk-in freezer, 6 grocery aisles, 3 checkout lanes, walk-in coolers and an office in the back. With customer diversity and a strong reputation, opportunities exist to expand services through catering and obtaining a beer/wine license. Besides using TV, radio and newspaper ads in the past, marketing mostly relies on location convenience and verbal referrals from their large and repeat clientele as outreach potentials are presented by launching a website & engaging in social media. The equipment and inventory are included in this offering and there is a stable growth trend for both revenue and profit.

Property Information

Real Estate:

Lease

Lease Terms:

Holds a fair market Tenancy of $8,900 per month.

Location:

Property marketed for $750,000 is optional to purchase separately.

Size in square feet:
6,000+/-

Business Operation

Reasons for selling:

Welcoming opportunity to Sell.

Trading hours:

Monday to Saturday 8AM - 9PM & Sundays from 8AM until 6PM.

Employees:
20 nonunion with rotating seasonal hires when needed.
Years established:
Started 1993, Acquired 2014.

Other Information

Support & training:

Management in place can continue daily operations after a negotiable transitioning of up to 6 months.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Standard SBA-term financing will be negotiable for qualified buyers.

Furniture / Fixtures value:
$320,000 - included in the asking price
Inventory / Stock value:
$146,811 - included in the asking price