Description

This is a very busy and thriving grocery that also offers lottery. It has a large deli with take and bake pizza, cold beverage, fountain soda, novelty items, gifts and much more. The store is very well stocked is clean, well maintained and operated by a friendly and knowledgeable staff. This store also has a large fishing supply section as well as hardware. Gasoline is not offered. Seller feels adding red box movie rentals and soft serve ice cream would benefit the store.
This building is very well maintained with concrete floors and walls. The seller recently had a lot of new wiring installed. The retail section of this business is approximately 6,000 square feet.
The seller has two spaces behind the market that could be rented out. One space is currently rented to the local food bank association for $175 per month. The second space is currently vacant.
Behind the store is also a small, 700 square foot apartment. It is one bedroom, 1 bath and a walk in closet. The apartment is currently vacant but in the past was rented for $400 per month.
Total asking price is 695,000 plus inventory in cash at closing. Inventory will be calculated at retail less 30% groceries, bear & wine retail less 30%, Cigarettes retail less 17%, Deli and store supplies at seller invoice cost. The sellers are asking for $350,000 down plus inventory in cash at closing. Balance in monthly installments of $2,916.31 interest of 7%.

Financial Summary

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