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40 Year Old Family Owned Grocery And Deli
Location: United States -> North Carolina -> Raleigh
Industry: Food and Beverage > Grocery and Supermarkets




Business Summary

We are selling our family business that has made a profit every year. Started in 1969, the business has been run by the same family since that time and is a mainstay in the neighborhood. It is at a busy intersection near college housing and on a major business thoroughfare with high traffic counts. The existing building and the surrounding land is included in the price. Gas pumps are installed and the tanks are up to code, the walk in beverage refrigerator has recently been upgraded and all fixtures are in working order.

Gross revenue each day is $1,500-$2,500, higher on college game days and during the state fair, which is nearby.

There are no existing service contracts that would bind the buyer.

Seller is asking $800,000, and reserves the right to negotiate a higher price should the buyer want to keep the family name on the business. Contact for more information on this Grocery and Deli for sale.


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $750,000
Cash Flow:   $250,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $35,000
Seller Financing:  No

About The Business

Year Established:  1969
Number of Employees:  4 - 5
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  One month.
Reason For Selling:  Retirement.




Print Listing Id: 700126895
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > North Carolina Businesses For Sale > North Carolina Franchises For Sale > North Carolina Business Brokers



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