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Ohio Cleveland Lakewood Supermarket And Liquor For Sale

Lakewood, Ohio, US
Asking Price:
$1,250,000
Sales Revenue:
$5,500,000
Cash Flow:
$525,000

$1,250,000 Plus Inventory for the Ohio Cleveland Lakewood Supermarket and Liquor Business Only. Average monthly merchandise sales of $458,000 with higher margins. 16,200 SF Store with plenty of parking. The business has an experienced team and established supplier and customer relationships, providing a strong foundation for continued operation under a new owner. A state liquor agency license is in place, which is not easy to obtain in Ohio. It is located on a busy street in a densely populated residential and commercial area with numerous rooftops and limited competition. It has considerable potential and can be a much more profitable venture. Significant opportunities exist for further growth, including: • Extended operating hours • Expanded marketing and digital presence • Online ordering, curbside pickup, and delivery • Expanded deli, hot food, and prepared food offerings • Additional merchandising and product expansion • Further development of the liquor and convenience offerings. The business currently operates with limited advertising and standard operating hours, leaving identifiable opportunities for a new owner to increase sales and profitability. The business has served the local community since the 1980s and has a long-standing presence in the area. Competition includes other supermarkets, convenience stores, and larger retail chains in the surrounding market. Despite this competitive environment, the business has maintained substantial sales and profitability over decades of operation. Additional substantial income from Parking fees, Liquor, Lottery, ATM, Cigarettes, and other rebates and commissions. A great opportunity for the right family or owner-operator. Motivated seller who is looking for the right owner-operator to retire. Please “do not disturb the employees”.

Property Information

Real Estate:

Lease

Leasehold Rent:

$192,000 per annum

Premises Details:

13000 sq. ft. stand-alone building

Size in square feet:
13,000

Business Operation

Reasons for selling:

Seller Retiring

Other Information

Support & training:

2 weeks at no cost to the buyer

Inventory / Stock value:
$275,000