Two Grocery Stores in Southeast MI

Listing Price: $4,899,999

Listing Type: Liquor Store Convenience Store Supermarket Specialty Store

Asking Price: $4,899,999
Gross Revenue: $4,270,121
FF&E: Included in asking price
Inventory: $456,432
Rent: N/A
Established: 1941

Business Description

Family Owned & Operated

These two grocery stores have been family-owned and operated for three generations. The current owners have operated both locations for the past 26 years. It is not a franchise, and both places are being sold together. Also included in the asking price is a 1,152-square-foot house behind the store and a freestanding 435-square-foot building that can be rented for additional income.

Store #1 details:
-8,192 square-feet
-18-20 employees
-Liquor license included
-New produce cases in 2018
-8 compressors replaced in the past 5 years
-Equipment: 2 bandsaws, 3 slicers, large grinder, double convection oven floor cleaning machine

Store #2 details:
-5,808 square-feet
-10-12 employees
-Equipment: 1 bandsaw, 2 slicers, large grinder, single convection oven, gas stove

Store hours: Monday - Saturday 9am-6pm and Sunday 10am-2pm

Detailed Information

Inventory: Inventory not included in asking price

Real Estate: $1,500,000 (included in asking price)

Building SF: 14000

Employees: 10FT / 20PT

Facilities: Two stores totaling 14,000 square feet, a 1,152-square-foot house, and an additional 435-square-foot freestanding building.

Competition: There are other chain grocery stores in the area, but this one is unique as it is family-owned and operated.

Growth & Expansion: Increasing hours and adding lottery, cigarettes, and prepared foods could help grow the business. A home delivery service could also be added.

Financing: Cash or SBA Financing

Support & Training: The seller will train a new owner.

Reason for Selling: Retirement