ACQUISITION OPPORTUNITY #F-2620
Produce & Deli Retail Store
Offered for sale is a produce and deli retail business family owned and operated business for almost 60 years.
The business offers a full line of produce, fruits and vegetables in addition to a variety of grocery items.
• Excellent location
• Strong repeat business from a customer base it has served for many years as an independent market in the area
• Operating out of 2,450 sq. ft. of space in a small, easily accessible strip center
• Owner is seeking to retire
• Excellent opportunity for a new owner operator
REASON for SALE
After many years of operating the business, the owner is ready to retire.
The business is being offered as an asset sale, free and clear of debt and liabilities for an asking price of $ 75,000 plus the inventory value at closing (average inventory value at cost is approximately $12,000 to $15,000), free and clear of debt and liabilities.
Seller will provide full transitional training and support for the new owner.
|Total Revenue|| 329,009|| 339,274|| 350,127|| 368,342|
|ACF|| 35,861|| 37,614|| 44,216|| 34,449|
ACF: Net Income / Cash Flow of the business before owner salary, perks, interest & depreciation.
|ASSETS INCLUDED IN PURCHASE:|
|Furniture, Fixtures & Equipment & Leaseholds at Cost|| 25,000|
DETAILED OFFERING MEMORANDUM IS AVAILABLE
For Further Information Contact:
KEATE PARTNERS, LTD.
1095 Nimitzview Dr. Suite 201
Cincinnati, OH 45230
(513) 241-3700 Fax (513) 672-9386
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