Long Established RI Grocery Stores
Location:Rhode Island
Your Reference ID: 19966
Asking: $5,300,000
Gross: $12,071,028
Cash Flow: $1,462,611
Furniture, Fixtures & Equipment: $635,000 (Included in Price)
Inventory: $350,000 (Included in Price)
Real Estate: N/A
Two well-established regional grocery stores which currently top $12M in revenue. Delivering the same market-proven product selection and professional services, the stores offer groceries, seafood, poultry, bakery, custom cut fresh meats, deli, prepared foods, fresh produce, gourmet fruit gift baskets, Grab-‘N-Go deli platters, and more.
The business is open 7 days a week for customers to shop in-store or order on-line for store pick-up. The stores also offer world class catering for all types of celebrations and events in the region.
Located on a busy street in a popular town minutes from the Interstate Highway and the state’s capital city, the stores enjoy strong visibility and foot traffic from the host town and surrounding suburbs.
The facilities are leased, with over 9,000 SF and over 10,000 SF respectively, each customized with the look and feel of the grocery store brand.
A smart floor plan supports the stores wide selection of products and key service departments.
The opportunity may be acquired to operate with current store branding, or as a new and different brand entity depending on the needs and goals of the Buyer.
Grocery store operators throughout the country may see the opportunity as a strategic acquisition for access to new markets, customer acquisition, and sales growth.
Training & Support:
As needed for a smooth transition.
Reason Selling:
Retirement.
