Last Revised: 9/10/19. Posting #: 10249083
Key Words: grocery, market, supermarket, deli, meat market, monroe, upstate new york
Financial Info: Asking Price: $775,000. Includes - FF&E: $115,000, Inventory: $110,000, Real Estate: $550,000. Revenue & Rent Collected: $1,656,337, Sellers Discretionary Earnings: $70,529. Other services that could be added include: making to-order subs, wraps/sandwiches, ATM, coffee, Lotto, catering, delivery.
Profile: The store occupies the 4,000 sq. ft. first floor. The 3 apartments on the second floor make up approximately another 3,000 sq. ft. In addition to the main floor, the building has a clean/dry basement that houses storage space for the business and three upstairs apartments.
Offering prepared food, a strong trend in the supermarket/C-store space, would certainly drive financial performance. Other products and services that could be added include; making to-order subs, wraps and sandwiches, ATM, coffee, Lotto, catering and delivery. There is ample space available to install a commercial kitchen should the Buyer wish to do so. The installation of a POS would significantly increase efficiencies and profits too.
The standalone building currently houses a commercial tenant paying rent far below the market. The Buyer could use that space to expand store operations or start another business. Offerings synergistic to the store include; café, coffee shop, restaurant, pizza, brew pub, wine bar, etc.
There are multiple tenants who’s rent has not increased in many years. Adjusting the rent from the apartments to reflect the market could yield a significant increase in gross revenue.
The store is currently staffed with one full-time manager who has been there for 30 years and would likely stay on. There also are 11 other part-time employees. 2 of which have been there for 16 and 30 years respectively. The owner spends the bulk of their time in an oversight capacity with a focus on inventory control.
Professional Resources & Contacts To Help You Close Your Deal!
Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
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Profile: Deal Team was founded with a mission to provide breakthrough professional business brokerage services to small and mid-size businesses. Our professional and practical approach to business sales brings a level of service to middle-market businesses that is regularly experienced by larger companies.
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Profile: Kyle Griffith is a Managing Partner of the NYBB Group. He represents business owners seeking to sell or grow their business via acquisitions. Kyle is a Certified Business Intermediary focusing on the HVAC & Plumbing, Trucking & Delivery and Distribution industries.
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Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy
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Key Words: valuation, business valuation, valuing a business, valuing your business, sell a business, selling a business, sell your business, sellers, john byrne
Profile: Customers and potential business buyers can learn a lot about a business simply by its appearance. BBN Manager Jordan Green discusses the importance of curb appeal and how properly maintaining a business can not only add to its value, but also improve its ability to sell when the time comes.
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