Catylist ID: #30364040
Central NH Grocery Store
Undisclosed Address, New Hampshire
Business Opportunity for Sale
|Catylist Listing ID:||30364040|
|Property Subtypes:||Food and Beverage|
|Building Size (RSF):||6,700 SF|
|Year Business Established:||1900|
|Gross Revenue:||$2,826,106 (Annual)|
|Cash Flow:||$159,878 (Annual)|
|Cash Flow Type:||Sellers Discretionary Earnings|
Overview / Comments
The business has been in existence as a grocery store since the turn of the century. The current owners purchased the store in 1986 and have been resident owner/operators ever since. They have also recently increased the size of the building through the purchase of an adjacent building which they connected to the existing structure. This opportunity features both the business and real estate, including on-site owners’ accommodations.
The “country store” feel emanates throughout this full-service grocery store, which includes a deli, bakery, meat counter, prepared foods, fresh produce, beer and wine…and of course, a complete assortment of grocery items.
The business is conveniently located in central New Hampshire, in very close proximity to a main New Hampshire interstate. Its customer base includes both locals and tourists alike. Business is at its height during the summer, with winter weekends and vacation weeks fueling ski season business. Fall foliage season is also a very busy time for the store for both visitors and locals alike, with the locals driving business in the spring mud season once the ski areas close. The store appeals to customers of all economic means as prices have been consciously maintained at very affordable and fair levels.
The store’s strong sales, profit, and earnings show positive and consistent annual growth. This is a perfect relocation opportunity for a family as well as a change of career path or “be your own boss” option for an individual or couple. This is an existing, strong, profitable business which still has the potential to grow exponentially through the efforts of new, motivated, energetic owners!
|Industry Segment:||Grocery and Supermarkets|
|Reason for Selling:||The owners have been running the store for 32 years and are ready to pass the business on to the next generation of energetic, visionary owners to continue the special history of running this iconic store.|
|Value of Inventory Included ($):||$0|
|Value of Furniture, Fixtures, and Equipment ($):||$100,000|
|Real Estate Status:||Real Property|
|Value of Real Estate Included ($):||$327,800|
|Employee/Labor Description:||The store is currently operated with six full-time employees and eleven part-time employees, in addition to the owner couple.|
|Mgmt/Training Support Description:||The owners are willing to stay on and train for two weeks after the transfer of the business at no charge. They are also willing to sign a non-compete agreement with the buyers.|
|Competition/Market Description:||The store’s competitors, none of which are truly direct competitors, are two local convenient stores, a pizza/sandwich store with groceries, and a Dollar General. There is some crossover in basic grocery selections, health and beauty products, and prepared foods, but the limited selection of the smaller stores does not compete with the full grocery offerings of the subject business. The closest full-service grocery store competitor is approximately 10 miles away.|
|Growth/Expansion Opportunities:||The current owners believe that a new buyer would want to take the “country store” brand and market it more completely via social media and a broader interact presence, as they have not created any real on-line presence. There is a great opportunity to improve the specialty food offerings which currently exist. The sellers also believe strongly that new owners should continue to expand the “country store” brand in the physical presence of the store…wood floors, rustic features, friendly staff, etc.|
|Seller Financing Description:||Seller finance terms may be available to a qualified buyer for the right deal.|
|Proximity:||1 mile||3 miles||5 miles|
Jay PolimenoPolimeno Realty NECPE Member
|© Copyright 2001-2019 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither New England Commercial Property Exchange nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.|