Independent Grocery Store - Well Established & Profitable

FINANCIAL INFORMATION
  • Asking Price: $600,000
  • EBITDA:
  • Gross Revenue: $5,539,867
  • Cash Flow: $203,618
  • FF & E: $300,000
  • Inventory: $300,000
  • Financing: No
BUSINESS LOCATION

Atlanta

DESCRIPTION

The business was established in the 1975 and was acquired by the current owner in 1989. The client base is a very diverse mix of people from all parts of the globe. There are 60+ vendors that supply the 13,000 sku’s that are on the shelves.
 
There are currently 2 store managers that handle the day to day operations of the business. The owner works 30 hours per week and orders groceries and helps receive merchandise.
 
The store serves several Refugee Agencies such as; World Relief, Catholic Charities, International Rescue Committee, and New American Pathways. The State of Georgia’s WIC program accounts for 20 to 25 percent of the store’s overall revenues.
 
IT WILL BE IN EVERYONE’S BEST INTEREST IF THE BUYER CURRENTLY POSSESES A WIC LICENSE.
 
This is an opportunity to acquire a well- established and profitable business that has considerable upside growth potential.

REASON FOR SALE

Retirement

FACILITIES

The business leases 15,800 sq. ft. in a strip center. The monthly rent is $12,635.00.

Details

  • Home Based: No
  • Franchise: No
  • Distressed: No
  • Relocatable: No
  • Year Established: 1975
  • Year Acquired: 1989
  • Willing To Train: Yes
  • Real State Available: No
  • Is Property Leased: Yes
  • Real Estate Included: No
  • Is Management Staying: No
  • Days Open: 7
  • Hours Open: 8 AM - 9 PM
  • Full Time Employees: 11
  • Part Time Employees: 24
  • Building Size: 15,800 Sq Ft
  • Listing Id: SA1462

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