2 Retail Grocery Stores
Location Oklahoma,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $9600000
Net Profit / Cash Flow $750000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 1978
Number of Employees 50 - 99
Relocatable No
Number of Employees 50 - 99
Real Estate Leased
Training Owners will work with new ownership to ensure a smooth transition and business continuity.
Reason for Sale The principals would like to scale back and make time for other interests.
Description Excellent opportunity to acquire two retail grocery stores serving rural communities. The product line is comprised of a broad range of food and general merchandise representing some of the leading brand names in the industry.
Both stores dominate the grocery business in their respective areas with a repeat business rate of 90% and a combined average weekly customer count of 8,000. The owner has established strong relationships with suppliers, and a reputation for quality products and superior customer service. These and other factors have enabled the stores to generate steady revenue and profitability.
Retail grocery businesses are generally not susceptible to economic swings. Food, general merchandise and fuel are necessities and generally continue to exhibit steady sales during all phases of an economic cycle. Modest capital investments of approximately $5,000 per annum, adjusted for inflation, should be sufficient to meet future revenue needs.
This is a highly fragmented and fiercely competitive industry. Industry participants range from smaller local and regional providers to significantly larger and better capitalized national and multi-national firms. Management cites a number of competitors in the Company's immediate and surrounding marketplace.
Success in the industry is largely driven by the level of convenience, product availability, customer service, and pricing, areas in which our client clearly excels. These and other factors contribute to over a 90% rate of repeat business and position the Company well for continued growth and success. Contact for more information on these Grocery Stores for sale.
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