Grocery Store In Upscale College Town

Location: United States -> Connecticut -> New England
Industry: Food and Beverage > Grocery and Supermarkets

This is a unique opportunity to own one of the busiest and most profitable independently owned grocery stores in New England. This grocery store for sale is located in an upscale college community with very limited competition. Despite the real estate slump, there are many planned and ongoing residential projects targeted towards college students, the local workforce, and elderly housing providing a great growth potential for the store. The store offers a unique mix of products that provides a high margin despite offering prices matching those of a large supermarket chain store. High Margins derived from unique product mix. (28.14% in 2007)

Interested parties will be required to demonstrate financial and management ability to acquire this store and must sign a Confidentiality Agreement prior to receiving any further information about this opportunity.

Facilities: 17,192 sf. Excellent downtown location leased through 2020 with favorable rent structure. The plaza has plans for a large expansion that will bring more traffic and customers. 2007 Rent + CAM was $13 sf. or 2% of gross.

Market Outlook and Competition: Located in an area with excellent demographics. The only large grocery store in town. Established nearby competition with limited opportunities for new competition. Unique supplier relationship that allows the owner to offer very competitive prices. Offered at: $3,500,000. Email or call (888) 988-0999 for more information.

Financials

Asking Price Range: $2.5M – $5.0M
Gross Revenues: $11,300,000
Cash Flow: $809,389
Cash Flow Type: EBITDA
Seller Financing: Not Disclosed

About The Business

Year Established: 1988
Number of Employees: 50 – 99
Relocatable: Not Disclosed
Franchise: Not Disclosed
Current Real Estate: Leased
Property: Property For Lease

About The Sale

Management Training and Support: Experienced store manager and staff.