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Businesses For Sale > Business For Sale in Payette, Idaho (ID)
Established Rural Grocery Store for sale in Payette, ID
Payette, Idaho (ID)
| Asking Price: |
Gross: |
Cash Flow: |
| $ 299,000 |
$ 1,289,000 |
Undisclosed |
Furniture and Fixtures Value:
$ 173,500 (included in the asking price)
Inventory Value:
$ 100,000 (included in the asking price)
Business Summary:
This business offering is a well established rural grocery, bakery and meat cutting facility serving a city of over 7,000. It is a member of the Associated Foods. It is one of three grocers in the community, but the only one located on the major highway connecting all of North Idaho. The store maintains all lines of commodities from fresh vegetables to “hand cut” meats and specialty bakery products. It is highly accessible and exceptionally visible with a large parking lot. Additional “strip” center businesses add to the visibility. Sales declines in the last two years are attributed both to the national economy and to the owners’ wish to sell. Some minor upgrades and site improvements would enhance the overall look of the facility. Rearranging isles and “adding” back products to the inventory should create more customer flow.
All assets are included in the sale for a turn key operation, less some personal items. A beginning inventory is also included in the asking price.
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| Facilities / Terms of Lease:
The 12,000± sq. ft. building is situated on a large, paved parking lot. The lease ends in 2011 and is exceptional for the size and location of the building. Located on Highway 95 near a national chain fast food business, gas station and local restaurants, the store is “ideal” for a rural merchant operation. The location is considered “A++”. |
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| Potential
Growth/Expansion:
The ideal buyer would be someone with experience in grocery, bakery, meat cutting industries or chain store operations. Partnerships or family operators with “business experience” is necessary for financing credibility. The addition of discount or co-op operations would enhance the overall operation. Adding a small restaurant or dry goods section, sporting goods or other retail items could be considered. |
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| Reason for selling:
The owners are desiring to transition into retirement. |
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Seller Reference Number: KM4108
BusinessMart.com Listing Number: 71263 |
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To request more information
on this business
please fill out the form shown right 
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For
more info contact:
Arthur J. Berry, Broker
Arthur Berry & Company
208-336-8000
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