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.

INVESTMENT HIGHLIGHTS

• 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.

ASKING PRICE
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.

FINANCIAL HIGHLIGHTS:

P&L SUMMARY:2019201820172016
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
www.keatepartners.com
Business Sales · Mergers · Acquisitions · Valuations

Return to Business Listings

Contact us about listing F-2620

Your Name (required)

Your Email (required)

Your Phone

Please indicate if you have worked with someone in our firm (required)

Your Message