Business Summary:
BUSINESS: This is a full service grocery in a small town in Linn County. It has fresh meat, a full deli; and produce, but does not have gas. The fresh meat represents 3% of the total gross sales, and produce only represents 4% of said sales. This location had a fire in July of 1994 and was completely remodeled and has all new electrical. LOCATION: Located on a very busy highway and not far from good fishing and a great lake for skiing in the summer, as well as an excellent hunting and snow skiing area in the winter. It enjoys excellent visibility in both directions and has a large paved parking lot. BUILDING; The square footage of this building is 6,000 with approximately 4,000 square feet of sales space. FIXTURES & EQUIPMENT: For a complete list of included and excluded items please refer to the attached. HOURS & PERSONEL: Current hours of operation are from 7:00AM until 10PM seven days a week. The store is operated by the sellers and six employees who are paid at a rate of $7.95/ $10.00 per hour. PRICE & TERMS: Total asking price is Six Hundred Ninety Five Thousand Dollars plus inventory in cash. Inventory will be calculated at retail less 30% (carton cigarettes, deli, fresh meat and store supplies at sellers cost). Inventory is approximately $70,000 at retail less 30%.
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