Full Service Grocery and Liquor

Undisclosed Address, Michigan
Business Opportunity for Sale
Sale Pending/Contingent
Catylist Listing ID: 30286169
Property Subtypes: Retail Stores
Status: Pending/Contingent
Building Size (RSF): See Agent
Sale Price: $425,000
Name of Establishment: Powell's Grocery
Business Website Address: none
Gross Revenue: $1 (Annual)
Cash Flow: $1 (Annual)
Sale Terms: Cash, Mortgage and Owner Financing(TBD)
Last Updated: 10/2/2018

Overview / Comments

Motivated Seller...Please bring all offers! Best offer over $325,000 plus inventory received before July 15, 2018 with acceptable terms takes this diamond in the rough!!!!

This is a full service grocery store located in Tustin, MI. This store is in immaculate condition and has over 5,000 square feet.

Current owner sells beer, wine, liquor, lotto and groceries. Prior owner had a full service meat market which was very successful. The space is still available to add the meat market or a pizza, sub or ice cream shop.

This shop is located 7 miles south of Cadillac, MI at exit 168 from northbound US 131. Seller will consider a land contract depending on the terms. Financial details will be provided with a completed confidentiality agreement. Call today for details.

Additional Details

Industry Segment: Convenience Stores
Reason for Selling: Retirement
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Real Property
Value of Real Estate Included ($): $0
Competition/Market Description: Been in the same location for decades and is a landmark for Tustin, MI.
Growth/Expansion Opportunities: Adding the meat market , ice cream shop or pizza shop in the space already provided but not being utilized.
Seller Financing Description: Possible assumable land contract for qualified buyer.

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Demographic Statistics

Proximity: 5 miles
Total Population: 2,593
Median Age: 44.17
Households: 1,031


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