Northern Michigan Grocery Store

Undisclosed Address, Michigan
Business Opportunity for Sale
Catylist Listing ID: 30725430
Property Subtypes: Retail Stores
Building Size (RSF): 9,750 SF
Sale Price: $650,000 - 750,000
Name of Establishment: Northern Michigan Full Service Grocery Store
Year Business Established: 2011
Gross Revenue: $2,300,000 (Annual)
Cash Flow: $194,000 (Annual)
Sale Terms: Cash/Conventional
Last Updated: 8/24/2021

Overview / Comments


Business Summary

This very profitable family-owned grocery store offers high-quality foods, friendly service, and great prices. They are a one-stop-shop for finding everything needed from everyday essentials to specialty items from around the world, featuring national brands and private label items. They have a strong relationship with a national grocery distributor that enables them to offer low prices every day.

The store is located in northwest lower Michigan, south of Traverse City. The owner has placed a tremendous amount of investment and dedication into modernizing operations and building the store into a money-making enterprise. Improvements include replacing the ceiling, lighting, furnace and air conditioning, compressors, and many multi-deck refrigerated display cases, with ongoing investments in 2021. The owner has no involvement in day-to-day operations, making this a turnkey opportunity for the new buyer. The experienced staff is aware of the sale and willing to stay on after the transaction.

Detailed Information

2020 Revenue: $2,300,000
2020 SDE: $194,000
Inventory: $180,000
Employees: 7 full-time, 4 part-time
Real Estate: 8,900 square feet on 1.0 acre, included in the sale

Investment Highlights:
· Ample real estate for expansion
· Significant investment in facility and displays
· Turnkey operation with experienced staff willing to stay after the sale
-Supplied by SpartanNash

Growth Opportunities:

· Install gasoline pumps on neighboring lots
· Add hardware section
· Obtain hard liquor license

Support & Training: The owner is willing to assist the new buyer

Reason for Selling: Retirement

Additional Details

Industry Segment: Independent Stores
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Value of Real Estate Included ($): $0
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.