Outstanding Grocery Store Business For Sale

Business Opportunity for Sale
Sale Pending/Contingent
Catylist Listing ID: 30442182
Property Subtypes: Food and Beverage
Status: Pending/Contingent
Building Size (RSF): 4,800 SF
Sale Price: $825,000
Name of Establishment: Confidential
Gross Revenue: $3,800,000 (Annual)
Cash Flow: $0 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Sale Terms: Cash to Seller
Last Updated: 5/21/2020

Overview / Comments

Your Local Dependable Neighborhood Grocery Store! This Business provides a wonderful opportunity for a turnkey profit making enterprise. Owner retiring and looking for the person who would like to continue this 80+ years operation. Long term established history with a reputation for quality. Excellent meat & deli counter, fresh produce, and a full selection of grocery items.
This long time family run store has an excellent reputation for quality products, and a friendly efficient service. Located in the Greater Seacoast Area of New Hampshire, with an excellent central downtown location on the main corridor.
Business only sale includes all the necessary equipment. Upgraded LED lighting system with a 10 year guarantee has just been added to the entire store.

A large shared parking lot is ample for this business and the other tenants in this Neighborhood Center. Tenants in the center are complementary to each other, and this fine business is a destination for many residents in the area and beyond. A very large quantity of apartments recently added and more coming online soon within walking distance. Some new ideas for this establishment would be ready made meals, fresh bakery items, gluten-free and organic options, just to name a few. Bring Your Business Vision to this Growing Community!

Non-Disclosure required for financials to Qualified Buyers only.

Additional Details

Industry Segment: Grocery and Supermarkets
Reason for Selling: Retirement
Value of Inventory Included ($): $250,000
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Leased
Value of Real Estate Included ($): $0
Real Estate Lease Description: Property owner will accommodate a new lease agreement.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,950 25,218 46,270
Median Age: 42.09 40.47 40.58
Households: 664 10,148 18,771
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