Supermarket - Absentee Owned With Real Estate
Location Texas,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $5779961
Net Profit / Cash Flow $448769
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1972
Number of Employees 35 - 49
Inventory $881000 (not included in asking price).
Relocatable Not Disclosed
Number of Employees 35 - 49
Real Estate Owned
Training The owner desires a transition that is both smooth and seamless. The owner will train the buyer per contract agreement & until a complete understanding of the company is achieved.
Reason for Sale Owned 35 years & seeking full retirement.
Description Absentee owned supermarket in Texas with accompanying real estate is available for acquisition. Since 1972 this supermarket has been extremely successful and a reliable, passive return on investment for its owners. Situated in a Texas city with a stable economy and record level low unemployment for the entire state of Texas (2.7%). EOY 2005, 2006 & 2007 EBITDA + Officer(s) Salaries follow: $372,370, $424,665 & $448,769 respectively. Corporate stock is divided equally among its three corporate officers. Email or call Scot Jones, Broker, Ph: 214.495.9200 or toll-free 1.888.808.5071 for the Financial Statements, Business Summary, Detailed Asset List, City Demographic Data, Pictures of Property & Building (inside / outside), Real Estate City Appraisal Data, Site Map and Satellite Site Map of the location.
Facilities: 18,000 S.F. Total Supermarket; This is an excellent absentee owner opportunity.
Competition: This supermarket for sale has 35 years of positive entrenchment into the area in which it is situated. It is a very well known & respected marketplace.
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